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

Category: Finance

SMALL BUSINESS

The designation for a certain sized business in terms of employee number, annual turnover, value of assets for example.

SMOOTHING

The technique used in statistics that evens out small and short term irregularites in data.

SOCIAL EMOTIONAL LEADER

A Leader who is concerned at morale boosting at a high level by allaying any fears, argument mediating, tension reduction an the settling of disagreements.

SOCIAL NORM

The pattern of a behaviour shown by a particular community, group or culture that is considered to be mormal.

SOCIALLY CONSCIOUS MUTUAL FUND

A mutual fund that has excluded investing in companies whose business practices are thought to be ethically or morally troubling.

SOFT SKILL

A skill that does notrequire a specific technique or learned trade such as human relations, team building, presenting ideas for example.

SOIL MECHANICS

A branch of Civil engineering studying the mechanicalm properties associtaed with soil.

SOPHISTICATED INVESTOR

An investor with experience to marketing knowledge able to evaluate investments and their potential.

SPECIAL AUDIT

An assessment that is based on an auditor’s report that asks for the further analysis of a business practice.

REGRESSION TOWARDS THE MEAN

The statistical propensity of a data series to gravitate towards the center of a distribution, provided it starts on the either end of the distribution and is free to fluctuate.

RATE OF INFLATION

The rate of inflation is calculated by how low or high the prices of services and goods move all the way through the nation?s economy.

RATIONAL IGNORANCE

This is the deliberate choice of a person to not pay attention to certain information because it will yield little or no benefit in terms of the time and effort.

REACTIVITY

Reactivity is the predisposition of matter to react with its surroundings such as air, light and water or other specific materials. Also see the definition of either reactive or reaction.

REAL MEDIAN HOUSEHOLD INCOME

Data that divides households into two parts with one-half earning more than the median income and the other half earning less. This refers to the combination of more than one income earner

REASONABLE TIME

Period determined from trade practice, custom, trade practice, or from circumstances like those at issue, as the time required completing a transaction or contract without a specific maturity date.

RECENCY STRATEGY

Media planning tactic that indicates that advertising at a lower weight but a higher, consistent frequency is more successful than advertising at a higher weight but a lower, sporadic frequency.

RECOMMENDED EXPOSURE LIMIT (REL)

This term refers to the maximum allowable airborne concentration of a substance in a work area. REL can be expressed either as a maximum limit or as a time-weighted average.

RECOVERED ENERGY

Waste energy from heat that is captured and put to use, such as in a jet engine where exhaust is mixed with fuel and ignited in the afterburner to obtain additional thrust.

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