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

Category: Finance

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.

PREPAYMENT PRIVILEGE

The prepayment privelege or right is the authority given to the borrower to settle the principal balance before the payoff date, without incurring a penalty.

PRESTIGE PRODUCTS

Products that are deemed to be of an extremely high quality, due to added benefits that the buyer will supposedly obtain from it, and thus such products are highly priced.

PRIMARY BUSINESS PURPOSE

Stating business as the primary purpose for undertaking a travel, as opposed to pleasure. For taxation purposes, a business travel is eligible for complete deductions in transportation and half price for meals.

PRINTER

A device that is usually external that prints materials that are desired by the user. The use of small pixels by the printer, allows the transder of the image from the screen

PRISONER’S DILEMMA

The triumph of cooperation and trust and loss of a blind pursuit of selfinterest. An illustration is provided by the problem that two inmates in separate cells face. The police offers them

PROBLEM-SOLUTION APPROACH

The sales approach taken by a salesman wherein he/she identifies the problems faced by a consumer and comes up alternative to tackle the problem through the product that is being promoted or

PRODUCT CHAIN

The processes that are involved in the creation of the final product.

PROFICIENCY

It is the measure of one’s expertise in a certain subject, language or concept.

PROJECT DEFINITION

Phenomenon in which the different aspects of the project are thought over and the duration, cost and major events are discussed and main concerns are recognized and addressed.

PROMOTE

An act by which an employer gives an employee a new position with an increase in salary, higher level of responsibilities and a new job description. The new position is always superior

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