Dictionary

Residential

Definition:   defined under Chapter 475, F.S., to mean four or fewer residential units, vacant land zoned for four or fewer residential units, or agricultural property of 10 acres or less...

Resident

Definition:   for application and licensing purposes, a person who has resided in Florida  continuously for four calendar months or more within the preceding year Pronunciation:   \ˈre-zə-dənt\ Used in a Sentence:...

Reserve Requirements

Definition:   the amount of funds that an institution must hold in reserve against deposit liabilities Pronunciation:   \ri-ˈzərv\  \ri-ˈkwīr-mənt\ Used in a Sentence:    A change in reserve requirements is one...

Rescind

Definition:   to annul, cancel, repeal, or terminate Pronunciation:  \ri-ˈsind\ Used in a Sentence:   When a contract has been rescinded,  both parties are relieved from their obligations under the contract.

Reproduction Cost

Definition:  the current cost of building a replica of the subject structure, using the same materials and construction standards Pronunciation:   \ˌrē-prə-ˈdək-shən\ Used in a Sentence:   Most appraisers estimate reproduction cost...

Reprimand

Definition:   an official act of oral and/or written criticism with a formal warning included Pronunciation:   \ˈre-prə-ˌmand\ Used in a Sentence:   The associate was issued a reprimand for disclosing confidential information...