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

Category: Finance

SEVERE

Strict, austere or intense with disastrous consequences.

SHARI’A

The legal system used by the Islamic people that is based on principles in the Koran and other literature.

SHIKOMU

A term in Japan where employees are aware, through training, of an organisations norms, culture , principles, objectives, traditions, methods of operation and its value system.

SHIPPING WEIGHT

The gross weight of a shipped item that includes all wrapping, packaging, boxing but excludes the container.

SHORT COVERING

A rise, in the short term, of a trading price for a security or futures contract due the buying of short sellers out of that position.

SHORT-TERM TREND

Any movement in the price an asset shows over a short period of time such as hours or days. Day traders try to profit from these trands.

SHUTDOWN POINT

The level of output where total revenue is equal to total variable costs and the price of the product equals an average variable price.

SILICON VALLEY

A geographical area of California that is considered the hub of technology of the US that comprises computer companies and manufacturers of computer chips.

SINGLE FAMILY HOME

A dwelling structure that is complete in one unit and not attached to another dwelling by common walls.

SINGLE-ENTRY BOOKKEEPING

A systrem of accounting that is simple where all transactions are only recorded once and not as in a double=entry book keeping system.

SITUATIONAL INTERVIEW

A technique that is used in an interview where the applicant is placed in a certain situation and asked about how to resolve it.

SKIMMING PRICE

A high price that is aimed at the higher income groups for any status and luxury goods or for extracting a maximum return from markets for any new technology.

SLIDING COMMISSION

A compensation for sales personnel where they are paid different percentages of commission at different volumes of sales.

SMART MONEY

The trades and investments in stocks that are made by the most sophisticated vendors who have a great understanding of financial markets and often see trends earlier than others do.

SOCIAL ADVERTISING

Messages in the media that are designed to motivate or educate the public to et them to engage in a voluntary social activity or community service.

SOCIAL INFLUENCE

Actions and thoughts that have been influenced by groups or another person by peer pressure, marketing and conformity.

SOCIAL SERVICES

The government provided facilities such as education, health care and housing in order to improve living conditions of children, elderly and the disbled.

SOFT DETERGENT

An agent used for cleaning that is biodegradable and will break down into its smaller and simpler elements in a shirt period of time.

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