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

Category: Finance

SERVICE MANAGEMENT

An integral system in supply chain management where the sales are connected to the customer. Its purpose is to minimise costs by lowwring inventory levels.

SETBACK

The distance from a road or kerb where nothing can be built upon.

SEVERED REALTY

Real property that is converted to personal property after it has been severed or cut and made into a movable object.

SHARK REPELLANT

The measures that are taken by a company to make it less attractive to hostile bids for take over.

SHIPMENT

The cargo that is transported under a single air way bill or bill of lading. Also known as a consignment.

SHIP’S PAPERS

The documents that are carried by a ship to allow it to meet all customs, immigration, health and safety requirements of its country of origin and all the ports it will call

SHORT FORM AUDIT REPORT

A standard US 2 paragraph report where the opening paragraph outlines what the auditor has completed and the following paragraph shows the findings from the audit.

SHOTGUN APPROACH

A strategy used in marketing where as wide an area as possible is aimed to be covered.

SICAV

A European investment fund where investor numbers determines the amount of capital in a fund.

SILO MENTALITY

A mindset where some companies don’t wish information to be shared with other departments within the company. It will resuce efficiency.

SITUATIONAL LEADERSHIP

A leadership model designed by Ken Blanchard and Paul Hersey where effective leadership needs flexibility in style that is dependent on the situation at hand.

SKIN

A notation that is used along with PEL and TLV for exposure to substances that can be absorbed through mucous membranes, eyes and skin.

SMARTPHONE

A mobile phone with many features of a computer included in its functions.

SOCIAL AUDIT

The processes involved in the evaluation of a company’s procedures of operation. It will determine if any impact has been adversely made on society.

SOCIAL INVESTING

A strategy where investments are driven in part or totally by a social or unrealistic objectives.

SOCIAL SKILLS

The ability to persuade, interact and communicate with members of society with no undue conflict and disharmony.

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