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

Category: Finance

SITUATED LEARNING

An onsite, hands-on learning that is done with a mentor that makes the knowledge easier to understand and take in.

SKILLS INVENTORY

A list of the abilities, qualifications, capacities and career goals of an employee that identifies candidates that are suitable for promotions and internal recruiting.

SLEEPER EFFECT

A tilt that is in favour of a product that has been noticed long after the ads have been forgotten about and indicates a change in the behaviour of cunsumers.

SOAP

A compound soluble in water containing caustic potash or soda mixed with animal and vegetable fats to produce a substance that when wet will remove grease and oil on dirty surfaces. Detergents

SOCIAL SECURITY NUMBER (SSN)

A government assigned number for people in the US under the Social Security System. Non US citizens can apply if they are temporary workers in the USA. Each number will be unique.

SOFT CLAUSE

A provision in a L/C giving complete control to the buyer and making the beneficiary powerless.

SOFTWARE CONTRACT

The development of software by an agreement stating the responsibilities and rights of the writer and customer.

SOLID STATE

Matter that is in a crystalline form rather than a liquid or amorphous state.

SOUR CRUDE

Crude oil that contains a large amount of sulphur by weight, usually above 1 %.

SPECIAL COVERAGE FORM

Offer a broad coverage to any property, commercial or personal that will cover all risks but might have a lot of other exclusions.

SPECIAL TOOLING

Any specialised equipment that can be only be used for a specific purpose. Items like gauges, dies, molds, jigs, patterns.

RATE AND TERM REFINANCE

To renegotiate the rate or term of a mortgage without changing the amount of said mortgage. This is a common way for borrowers to lock in a lower interest rate.

RATE STRUCTURE

The rate structure is a set of causes that a utility firm uses to compute the consumers charges. Water bills and telephone bills can be straightforward while electric bills are complex.

RATIONING FUNCTION OF PRICE

Rationing function of price features raising the price higher so that less of the consumable will be purchased and used by the consumers and more will be conserved or rationed.

READING GRADE LEVEL (RGL)

Number assigned to the level of how complex reading material is. It equals a level of schooling. For instance, level of seven means the reading material is suited for a student in

REALISM

1. Practical orientation that relies on the facts and takes into consideration things as they are, not on what they might be. 2. Philosophical concept that theoretical entities such as numbers and

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.