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

Category: Finance

RISK POSITION

The extent of any exposure to a risk expressed in terms of money.

RISKLESS SOCIETY

A fictional environment developed by Gerard Debreu and Dr. Kenneth Arrow where all risks of investment are mitigated by an insurance policy.

ROLE OVERLOAD

The lack of reasonableness or balance in the extent of expectations from the job or person doing the job.

ROOM ONLY RATE

The rate for accommodation that only includes the room and no foods.

ROUNDTABLE

The seating arrangement or a discussion where all people are peers.

RULE OF THUMB

An observation or formula that has been accepted based on practical knowledge and experience and not a scientific law.

RUSSIAN SERVICE

A form of waiter service faster and less expensive than French service . The food is finished off with garnishes etc in the kitchen and brought to the table by one waiter.

SALAD OIL SCANDAL

In 1963, Allied Crude Vegetable Oil committed $175 million loan fraud when it used water filled cargo as part of its inventory to fool inspectors.

SALESPERSON

The individual who sells services and goods to another person. Their success is based on volume and sales.

SANITIZER

an anti miocrobial agent that kills or renders inactive 99.9% of all known bacteria, viruses and fungi that are present on a surface. Based on toxic chemicals. See disnfectant and sterilant.

SCALE PROBLEM

A situation in financial management where the internal rate of return (IRR) method may lead to an investor choosing a higher IRR that may give him a lower return than a project

SCHEME

A broad outline of how an objective can be acheived. It is not a formal plan and will not show every detail.

SCOPE OF BARGAINING

Issues that are included in a collective bargaining situation. Classified as mandatory, permissive or prohibited.

SEARCH ENGINE

A program for computers that uses keywords and phrases to search for documents and web pages using the keywords and phrases.

SEC FILING

A statement of financial position nmust be made with the SEC by a company that is ytrading on the public markets.

SECONDARY STRIKE

A strike that has occured where labour is withheld due to teh company buys or sells from a firm where the workers are striking.

SECURITY INTEREST

An enforceable claim that is created by a security agreement or by the law that secures the fulfillment of a pledge.The lender has security interest incollateral provided by a borrower to guarantee

SELECTIVE DEMAND

The demand for a certain brand that happens after the initial demand in the life cycle of a product.

SELF-ASSESSMENT

1. Management. A process where managers at all levels will evaluate the effectiveness of their own performance across all areas of responsibility to determine if improvements are needed. 2. Taxation. A regime

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