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

Category: Finance

SHOTGUN CLAUSE

Often included when share holding is split evenly or 50/50 between 2 parties.A provision in the agreement where a party offering to buy out the other at acertain price must accept the

SICK BUILDING SYNDROME

Acute effects of discomfort or ill health that can be traced back to time spent in a certain place or building for a period of time. Usually occurs in new buildings from

SILVER

The precious metal that is traded on futures and spot markets where a future is equal to 5000 troy ounces and moves in increments of $0.005 per troy ounce.

SINGLE LIFE ANNUITY

An annuity that will pay for the life of the annuit but then stops with their death.

SINK OR SWIM TRAINING

The “quick and dirty” method of training new employees where the new rexcruit is put straight into the working environment with little or no training being provided.

SKIN ABSORPTION

The ability shown by some substances to pass into the blood stream via the skin, eyes or mucous membranes.

SLIPPAGE

1. Commodities. The diference in a price when the broker is told to execute an order and the order actually takes place. 2. Marketing. Ratio between the number of potential customers and

SMELTING

The extraction of metal from ore using heat in an enlosed furnace. Impurties called slag rise to the surface. The opposite of roasting that involves an oxidation process.

SOCIAL BENEFIT

An increase in a society’s welfare derived from a course of action that is not always quantifiable.

SOCIAL JUSTICE

A fair and proper administration of the laws that conform to the natural law that covers all people regardless of gender, origin, possessions or religion. See Civil rights.

SOCIAL STRATIFICATION

A rigid subdivision in society that creates a hierarchy of layers that sre differentiated on the basis of wealth, prestige and power.

SOFTWARE MAINTAINABILITY

The ability a computer program has to be able to perform its intended function when in its original form and after it has been restored after failure.

SOLIPSISTIC

The self awareness of your own thoughts and the idea that nothing is known or confirmed outside of these thoughts.

SOURCE DOCUMENT

A document that shows evidence of a transaction or business deal such as a invoice, receipt, cash slip, deposit slip.

SPAMMING

An overlaod of email messages that overwhelm the mail handling and storage capacity of a web site.

SPECIAL MEAL

A term used in the travel industry for an alternative meal ordered in advance by passengers. It may be for a child, vegetarian , low salt for example.

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