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

Category: Finance

ROTABLE

1. An element or component that can be repeatedly restored to a working and serviceable condition. 2. A way of servicing equipment where a failed piece is replaced by a piece that

ROUTING

The selection of minimum distance, cost and time from a umber of alternative options.

RUN WITH THE LAND

A convention where convenants on land are passed from one owner to the next.

SABIN

The imperial measurement of sound absorption. One sabin is equal to the power of absorption of one foot squared of a perfect sound absorption material placed in an open window.

SALES COMPARISON APPROACH

A method of valuing a property that is based on the price of similar properties in the same area. Based on houses that ahve already been sold.

SALVAGE PROPERTY

Property that is no longer valuable as its intended purpose but has value as scrap or as being resold.

SAVINGS CERTIFICATE

A receipt that is issued by a savings bank, building societyor credit union that certifies the ownership of a fixed term deposit. Shows tha holders name, interest rate and amount deposited as

SCATTER CHART

Scatter diagram, scatter graph, scatterplot. A 2-3 dimensional chart that shows the relationship between independent and dependent variables.

SCIENTIFIC MANAGEMENT

A school of mangement from the early 20th century concerned with the efficiency of workers.

SCREEN PRINTING

A method of printing onto different materials using a screen over which is wiped to produce a pattern underneath on fabric or paper. Each colouyr is printed seperately. Also known as serigraphy.

SEASONAL UNEMPLOYMENT

Unemployment that occurs with seasonal variations, winter will not be a good time for fruit and vegetable picking so will see a higher level on unempolyment.

SECURE SOCKET LAYER (SSL)

An open standard for the encryption of data, authentication and privacyover a network like the internet.Netscape developed the idea that is based on the RSA method. It is independent of teh application

SEGMENTED MARKET

A defined area where customers are drawn from that is seperated from other markets. Seperation can be by government bariers, lack of information and barriers.

SELF GENERATION

Electricity production on one’s own property with one’s own equipment that is owned by the consumer or by a third party.

SELF-FUNDING

1. The full responsibility for the funding of a project. 2. A plan of healthcare where the employer pays for actual claims and not any anticipated claims.

SEMI VARIABLE COST

the production cost (1) remains fixed to a certain volume, thenit is variable, (2) total of which responds less to changes in activity volume, and (3) has a fixed element of cost

SEPARATION OF POWERS

a constitutional principal limiting powers vested in an institution or person.Governmental authority is divided into 3 branches: Legislative, executive and judiciary.

SERIF TYPE

A classic type face that has extensions at each termination in the letter.

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