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

Category: Finance

SOCIAL IMPACT

The effect that can be caused by an activity on the social fabric of a community.

SOCIAL SECURITY SYSTEM

Funded by tax and payroll contributions it provides the money for governemnt programs to assist the unemployed, disabled, retired and disadvantaged.

SOFT COMMODITIES

Commodities in agriculture like coffee, sugar, tea, grains, cocoa, cotton that excludes livestock and finacial futures.

SOFTWARE DOCUMENTATION

Information detailing the design features, system limitations, capabilities of a software program. Also known as a software manual.

SOLID STATE CIRCUIT

An integrated circuit that is composed of a single solid piece of material that is usually silicon crystal where electonic components and the path that connects them are printed or etched.

SOURCE

1. Place of origin. 2. The specific publication or media where a piece of information was taken from and included in end notes, foot notes. Can also be person for a news

SOVEREIGN INDIVIDUAL

A person believing in the rights and power of the individual, who doea not trust the government and would like more power in the hands of the individuals.

SPECIAL DRAWING RIGHTS (SDR)

Created in 1970 by International Monetary fund to coincide with a a disfavour in the US dollar as the main world currency. It is an accounting entry.

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.

REEFER CONTAINER

Also known as reefer, this container is used to transport perishable cargo and has its own, self-powered system to keep it cool. This is a refridgerated shipping container.

REFERRAL PROVIDER

A referral provider is the health care provider, usually a specialist, that the patient has been referred to.

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