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

Category: Finance

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.

SOLID COLOR

A term used in the printing industry for a block of colour that shows no halftones or shades.

SOUND MIND

Having the ability to think, understand and reason for oneself. Adults are generally considered to be of sound mind until circumstances change.

SOVEREIGN GUARANTEE

A guarantee by the government that all obligations will be satisfied when and if the primary obliger goes into default.

SPECIAL CONDITIONS

The provisions in a contract that are specific to a project that is under consideration and don’t fall under any other general or supplementary conditions.

SPECIAL SITUATION

A situation that arises that will require a company to sell of some of its shares.

REGRESSIVE TAX

The taxation that takes place on a larger percentage of a lower income and smaller percentage of an income that is higher.

RATCHET CLAUSE

1. Contracts: A stipulation where the contract rights of those involved is adjusted according to the formula agreed to as each stage is completed. 2. Utility Bills: A stipulation where the monthly

RATE OF TURNOVER

This number, found by dividing the total sales revenue in a given period by the average inventory, is the number of times that a firm sells out of its merchandise.

RATIONING

This process is necessary if the items in demand outweigh availability. A governing body will control the issuance of the goods to the public. Rationing takes place during wars and severe economic

READINESS

Readiness is the state of being prepared though people, systems and organizations to meet a situation and carry out the proper sequence of actions. It is based on thorough planning and training.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.