Business / Finance / Salary Reduction Plan: A plan allowing employees to contribute pre-tax income to a tax-deferred retirement plan. MORE
Science / Tides and Currents / Phase Reduction: A processing of observed high and low waters to obtain quantities depending upon the phase of the Moon, such as the spring and neap ranges of tide. At a former time this process was known as second re MORE
Science / Chemistry / Standard Reduction Potential: The voltage associated with a reduction process at standard state. The reduction potential of 2H+(aq, 1M) + 2 e- rightarrow H2(g, 1 atm) is taken as exactly zero volts. MORE
Business / Finance / Reduction-Option Loan (ROL): A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL the borrower to match the current mortgage rate, which then becomes fixed for the rest of the term. This reduction is usually allowed if r MORE
Business / Human Resources (HR) / Reduction In Force: An involuntary separation of an employee or groups of employees due to economic pressures, lack of work, organizational changes or other reasons of business necessity that require a reduction in staff MORE
Business / Agriculture / Acreage Reduction Program (ARP): A no longer authorized annual cropland retirement program for wheat, feed grains, cotton, or rice in which farmers participating in the commodity programs (in order to be eligible for nonrecourse loan MORE