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

Category: Finance

SEAT (EXCHANGE SEAT)

A term referring to membership in a futures or stock exchange. Ownership is represented by a member having interest in the decisions governing a stocks operating profits.

SECONDARY PACKAGING

The packaging that encloses the primary product . The box that a packet or item is sold in.

SELECTION BIAS

A statistical error that causes one sampling group to be selected more than other sampling groups. It will craete a bias in an experiment.

SELF TEST

A test that is automatic and is done by a device on itself when the power is switched on. It is to detect any malfunctions or configuration problems. The device will then

SELF-LIQUIDATING

An expense or obligation that is able to make repayments to fulfill that obligation. A hire purchase for example.

SEQUENTIAL TRAINING

A manner of training where new skills and knowledge are built upon the skills and knowledge that has already been learnt.

SERVICE AREA

The geographical area that a healthe care plan can service that is set by a state agency.

SERVICE PLANS

A plan where services are the benefit that is provided and not a money amount for benefit.

SETUP

1. Called a change over where a new piece is made ready to start being made. 2. Arrangement of seating. 3. A fully assembled item that is supplied ready to be used.

SHADOW ACCOUNTING

A method used in accounting where 2 sets of records are kept in order to look for and find any mistakes.

SHARPE RATIO

a way of measuring an investments performance.It is calculated by dividing excess return by the amount of risk needed to generate the return.

SHIPPER’S INDEMNITY

A letter stating indemnity that is given by a beneficiary of a letter of credit or L/C that is to induce a negotiating bank to relaes a payment against the L/C despite

SHIRKAH

A partnership in business that falls inder Islamic Financial law. 2 or more people join to provide capital or labour in a business through a formal contract.

SHORT INTEREST RATIO

The short interest thta is then divided by a stock’s avarage daily traded volume. It shows the number of days a short seller would take to buy shares that are required to

SHORT TERM EXPOSURE LIMIT

The concentration of a substance in parts per million that a person or body can be exposed to in a defined period of time that is short. It us usually 5 minutes.

SHOULDER PERIOD

Shoulder season is the same. The time between a high and low cycle in seasonal sales.

SIDETRACK AGREEMENT

An agreement between a property owner and the railroad where a track has been built on the persons property and not the railroads property.

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.