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

Category: Finance

SERVICE CONTRACT

A contract for services such as time, expertise and effort instead of goods.

SERVICE-ORIENTED ARCHITECTURE (SOA)

An architectural model of business information that allows further additions to added and integrated to allow the sharing of information across the different units of business.

SEVERABLE CONTRACT

A contract made up of several parts where you can comply with parts seperately from one another. The failure to comply with one part will not terminate the contract.

SHARE PREMIUM

The amount a firm will receive that is in excess over the par price of shares.

SHELF VELOCITY

The number in days or hours that a product or item will remain on the shelf of a supermarket.

SHOP STEWARD

The selected or appointed officer from the union who will represent his fellow workers in management discussions.

SHORT SELLING

A profit made from an anticipated drop in commodity prices by borrowing money and selling them now, or by selling a “firm promise” and deliver it at a later date. A short

SHORT TON

A weight unit equal to 2,000 pounds or 907.18 kilos. Referred to in the Us as a ton. Other countries use short ton to differentiate from a long ton, 2,240 pounds and

SHRINKWRAP

A thin and tight wrap of plastic material that is used to ensure an air tight, water tight, dust and abrasion proof cover for goods. See stretch wrap.

SIGNATURE GUARANTEE

The conformation by the bank that a signature from a customer is authentic and valid.

SINE QUA NON RULE

A ruling that states that a loss would have occured regardless of a persons action.

SITE LICENSE

A license that is purchased for software that is used at one location.

SLAG

The waste produced from processing metal ores. It floats to the surface and contains silicates, sulphates and phosphates of calcium. Called tailings.

SMALL BUSINESS LOAN

A loan given to small businesses with fewer restrictions that allow the owner to borrow for the enterprise.

SMORGASBORD

A Scandinavian term for a cold buffet. Now it is where all courses are offered at the same time, both hot and cold. Swedish – sandwich table.

SOCIAL FABRIC

The demographics of an area that consists of wealth, ethnic composition, level of education, rate of employment and regional values that are combined to create this social fabric.

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