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

Category: Finance

SEVERALLY

Solely, seperately, singly or exclusively. Owned by only one entity.

SHARED APPRECIATION MORTGAGE (SAM)

A mortgage that is written at a rate that is less than the market rate that will give the lender an increased value in the property that is being mortgaged for a

SHELL COMPANY

A firm that does not trade formed to raise funds , attempt the take over, go public or as the front for an illegal venture. See shelf company.

SHIPPING TARIFF SCHEDULE

A formal list of all freight charges, how they are calculated and applied. It can include an alternative tariff, clas tariff, and a commodity tariff. Also known as a shipping tariff, or

SHORT

1. Less than a required or needed amount. 2. A short position trader.

SHORT STRADDLE

A strategy used in options trading where a short position is taken at the same time a s a call option and a short option on the same asset. The opposite of

SHORTAGE

A situtation that has arisen where quantity of an item is less than the demand for that item.

SHRINKWRAPPED SOFTWARE

An off- the- shelf software that is found in retail outlets and commercially available that is in contrast to software that is specially written for a company.

SIGNIFICANT

A measurement of how well a compoany is performing against its competitors.

SINGLE BRAND NAME

The name of a brand that is not associated or affiliated with any other brand name.

SINGLE SOURCE DATA

A data collection accumulated by researching all of the lifestyles and demographics of a single area.

SITING

A series of steps taken in order to choose the location for a facility or firm.

SKILLED WORKER

A worker that has the knowledge and training to do a particular job such as an electrician or mechanic.

SLEEPER

Stock that is not popular with investors but has significant growth potential once it attracts attention. The opposite of a high flyer.

SMALL GROUP POOLING

A process that is used by small businesses where they group together into a large pool to receive a rate that is more accurate.

SNOB EFFECT

The demand for an item in a higher market that inversely varies with the demand in a lower income market.

SOCIAL GOOD

An action that will result in a benefit being available to the general public.

SOCIAL SECURITY

A program that has been mandated by the Social Security Act in 1935 that provides for the elderly, disabled and provides health insurance to certainmembers of a community.

SOFT ASSET

An asset such a human resources, brans name and knowledge that is not shown on a financial statement. A hard asset is cash, land or equipment.

SOFTWARE CODER

The person who writes the programs for computer software in a language the computer can read.

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