ROLL

A schedule of parchment which may be turned up with the hand in the form of a pipe or tube. Jacob. A schedule or sheet of parchment on which legal proceedings are entered. Thus, in English practice, the roll of parchment on which tlie issue is entered is termed the “issue roll.” So the rolls of a manor, wherein the names, rents, and services of the tenants are copied and enrolled, are termed the “court rolls.” There are also various other rolls; as those which contain the records of the court of chancery, those which contain the registers of the proceedings of old parliaments, called “rolls of parliament,” etc. Brown. In English practice, there were formerly a great variety of these rolls, appropriated to the different proceedings; such as the war- rant of attorney roll, the process roll, the recognizance roll, the imparlance roll, the pica roll, the issue roll, the judgment roll, the scire facias roll, and the roll of proceedings on writs of error. 2 Tidd, Br. 729, 730. In modern practice, the term is sometimes used to denote a record of the proceedings of a court or public ollice. Thus, the “judgment roll” is the file of records comprising the pleadings iu a case, and all the other proceedings up to the judgment, arranged in order. In tiiis sense the use of the word has survived ils appropriateness; for such records are no longer prepared in the form of a roll.

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Categories: R

ROLL DOWN

The closing of an option to obtain a lower strike price. Refer to roll forward and roll up.

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ROLL FORWARD

The closing of an option to obtain a longer maturity term. Refer to roll down and roll up.

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ROLL UP

The closing of an option to obtain a higher strike price. Refer to roll down and roll forward.

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ROLL UP COSTS

The effect a wage rise has on benefits that are calculated as a percentage of the wage.

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ROLL-ON/ROLL-OFF (RO-RO)

A ship loading method that does not need cranes to lift cargo on. Cargo is driven onto the ship. See LiftOn.

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ROLLBACK

1. General. The dismantling of current policies and methods to make way for a new or altered approach.2. GATT.The r emoving of all restrictions to trade that are no longer consistent with the WTO.

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ROLLER COASTER

When a variable rate of interest is exchanged for a fixed rate of interest to accommodate flexibility between two terms experiencing different financial needs. Refer to variable principal swap.

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ROLLING

A process in shaping metal ingots where it is passed between two rollers to get a set shape and thickness.

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ROLLING AVERAGE INVENTORY

The average value or count of an inventory based on the same period, usually the previous year.

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Categories: R