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

Category: Finance

ROMAN FACE

The upright type face as compared to a slanted type face like italics.

ROUND THE WORLD FARE

The fare that allows you to travel around the world in one direction with as many stops as you want.

RUGBY PROCESS

A process in deveolping products where the stages overlap instead of being defined.

RURAL

An area that is sparsely populated and located away from a city. Characterised by farming areas, open spaces and vegetation.

SALES PLATFORM

Also product platform. The selling proposition that decides the whole sales campaign for a product or group of products. The sales campaign is built on the sales platform.

SANITARY SOLID WASTE

Solid waste that is not hazardous or radioactive that has risen from agricultural, domestic, commercial and industrial practices. Cardboard, glass, paper plastic but not dissolved solids and suspended soils.

SCALAR PRINCIPLE

A classic management rule where each subordinate reports directly to his senior person and not any higher on the management chain.

SCOPE

See scope of work. All of the jobs required in order to complete a project, from the contract, employment and finishing the job.

SEA LEVEL

Known as mean sea level where the average over many years has been recorded between high tide and low tide levels.

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.

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