Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

SEPARATE ACCOUNT

The relationship where a single pension plan sponsor retains an investment manager under a stated policy for investment that is exclusive to the sponsor.

SERIALIZABILITY

A method of identifying data transactions that occur concurrently with one another but are independent of one another.

SERVICE LEASE

A lease of equipment where the lessee needs to maintain and to service the asset that is leased.

SERVICES RENDERED

The completeion of a service that has been requested by clients that has resulted in a request for paymnent.

SEVERANCE PACKAGE

The package that is offered to employees whose contract has been closed for work. Will include payment for a set period of time after which employment is terminated.

SHAREHOLDER LOAN

A process where the share holder will exchange for interest repayments.The collateral could be shares or debentures from the company.

SHEWART CYCLE

4 step process of quality control. 1. Plan, 2. Do, 3. Check, 4. Act. Named after Dr Walter Shewart, mathematician who proposed this idea.

SHIPPING TIME

The time it takes a shipped order to reach its destination. Combined with order time it is the elapsed time between the requisition and avauilability.

SHORT CALL OPTION

A call option type with different strategies. In one an investor will sell a covered call, while in the other the investor sell a naked call.

SHUTDOWN

The time when a piece of equipment, a machine or a plant is not working.

SINGLE COLUMN CENTIMETER (SCC)

The standard measure used for display advertisements and classified advertisements that are priced in centimetres used in one column units.

SITUATION ANALYSIS

The collection and systematic evaluation of present and past economical, social, political and technological data that is aimed at identifying both internal and external forces on an organisation and assessing the organisations

SLICK

A colour proof of high quality that is printed on a gloss coated paper and suits reproduction.

SMART CARD

A card the same size as a credit card that contains a microprocessor chip, memory and a battery. It stores in formation allowing a person to access different areas and equipment. May

SOCIAL ACCOUNTABILITY

The measures that are made by an organisation to be aware of concerns to the community surrounding it. It is reflected in a commitment to health and safety, civil and human rights

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