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

Category: Finance

SMART FLUID

A suspension of zeolites or metals inj liquid that becomes a solid when an electric current is passing through it and returns to a fluid when the current stops.

SOCIAL ACCOUNTING

A method using the accounting basic principles in the social aspects such as medical and environmental area of economics.

SOCIAL IMPACT SYSTEM

A document highlighting how a company from the service industry is making a difference by dveloping new technologies and new products.

SOFT COPY

Not a hard or paper copy but the electronic copy of an item or document.

SOFTWARE ENGINEERING

1. The development of procedures and applications that will be used by electronic machines such as compouters and phones.2. An education program that ends with a degree or certificate of competency and

SOLID STATE DEVICE

An electronic device such as a memory chip that is made from solid state circuits.

SOURCE ATTRACTIVENESS

The way that an item is considered to have a greater attraction than a similar item due to where it came from.

SOVEREIGN RIGHT

A right that a state possesess which allows it to act for the benefit of all of its citizens as it sees fit.

SPECIAL ENDORSEMENT

An endorsement where the endorsee is named and to whom a negotiable instrument is to be paid.

RATE CARD

Printed list of rates charged by print and broadcast media. Rate cards are for direction only because the tangible charges vary greatly according to the bartering power of the promoter.

RATED LIFE

The amount of time that a piece of equipment, a machine or an appliance is expected to last as stated by the manufacturer depending on specific patterns and conditions of use.

RAW MATERIAL

Raw materials are basic substances found in their natural, modified, or semi processed state, used as an input to a production process for subsequent modification or transformation into a finished good.

READY, WILLING, AND ABLE

Ready, willing, and able defines persons who are legally and financially able to complete any type of transaction. Authorization and approval are not necessary from any other persons or parties.

REALIZATION COVENANT

Accounting idea that any change in the market value of an asset or liability is not recognized as a profit or loss until the asset is sold or the liability discharged.

RECALL TEST

The advertising effect of print media when a subject is asked if he or she remembers any of the advertising messages. Prompted recollection is aided recall, unprompted is called unaided recall.

RECIPE

Ingredients or components with their relative proportions and the method of processing to create a manufactured good or product.

RECORD CLASSIFICATION

The processes in which records are identified and categorized. They are then filed based on their subject matter and category, and then they are assigned a file number for efficient retrieval.

RECURRENT DISABILITY

This term refers to a disability that is part of a previous disability or a related cause.

REDEEMABLE DEBENTURE

This term refers to an agreement under which a firm issuing a debenture agrees to repay the borrowed amount on a certain date or after a specific period of notice.

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