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

Category: Finance

SECONDARY PICKETING

The picketing of a company that is not a direct party to a labour dispute. It may be buying or selling to the party where action is happening.

SECURITY ENDORSEMENT

A procedure in shippingwhere a shipper signs a statement rthat certifies that there are no dangerous materials such as explosives in the shipment.

SELECTION OF RISK

A term used to refer to an insurers selection of what risks to insure. The term refers to the act of ceding poor risks in reinsurance.

SELF-ACTUALIZATION

The motivation that a person uses to maximise one’s own possibilities and potential. Thought to be the only motive.

SENSITIVE MARKET

A condition of a market that is characterised by an exaggereted reaction of the price to positive and negative news influences.

SEQUESTERED ACCOUNT

A bank account that has been impounded by court orders that will deny tha account holder access to the balance without a courts’ approval.

SERVICE BENEFITS

The benefits that are provided by the service association issued according to the days of coverage and not a dollar amount.

SERVICE PROVIDER

1. General. A business or individual that offers paid for services. 2. Internet. A company providing internet connections to customers.

SETUP BOX

A rigid box that can be filled. A folding box is a box that needs to be set up.

SHADOW DIRECTOR

A director who is not technically with the firm but is a major shareholder but doesn’t take part in governing the firm but whose instructions are complied with.

SHEAR FORCE

The strain that is produced when an objects layers are being subjected to forces in opposition to each other.

SHOCKWAVE

A popular format on the internet for presenting and sharing audio and video data. Files are read by Shockwave Player. Free distribution by Macromedia, the developers.

SHORT MESSAGE SERVICE (SMS)

a feature of GSM or Global Dsytem for Mobile Communications. It lets cell phones send and receive 160 bytes or about 160 characters long alpha-numeric messages or it can broadcast clips of

SHORT TERM GAIN

Short term profit made from assets that have been held for 1 year or less.

SHOW CAUSE ORDER

A court order requiring a party to appear before a court and to explain to the court why a certain action shouldn’t be taken against them.

SIDING

A short rail road track that connects a wharehouse or a factory to the main line by pulling a switch.

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