a b c d e f g h i j k l m n o p q r s t u v w x y z
Right of Way

The right or privilege acquired through accepted usage or contract, to pass over a designated portion of the property of another.

Right of Way Agent

A person who sells, buys, leases or transfers an easement or right of way for another for compensation.

Riparian Rights

An owner’s right in land that borders on or includes a stream, river or lake. These rights include access to and use of the water for domestic purposes.


The uncertainty of loss that exists whenever more than one outcome is possible. (In the area of Life insurance, death is certain, but time of death is uncertain). Also known as the “chance of loss.” Remember, only “pure” risk is insurable. Pure risk is the chance of loss without any chance for gain.

Risk Management

Evaluation and selection of appropriate property and insurance coverage.

Risk Selection

The process of selecting insureds with a normal claims expectancy, also known as underwriting or risk classification. Since most insurance companies are in business to make money, it is the underwriter’s job to select business that will generate an underwriting profit.


In Crime insurance, the forcible and felonious taking of property by violence or threat of violence from a messenger or custodian.

Rural Development

An agency within the U.S. Department of Agriculture that makes residential loans in rural communities with populations of 10,000 or less.

Rural Housing Service (RHS)

An agency within the Department of Agriculture, which operates principally under the Consolidated Farm and Rural Development Act of 1921 and Title V of the Housing Act of 1949. This agency provides financing to farmers and other qualified borrowers buying property in rural areas who are unable to obtain loans elsewhere. Funds are borrowed from the U.S. Treasury.