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

Category: Finance

TARGET AUDIENCE

The identified group of people who will be the recipients of an advertising campaign. See target population.

TARGET RATE

The rate is established by the banking institution’s Asset Liability Committee that is used to set the attractive reprising for maturing deposits or loans.

TAX AVOIDANCE

The lawful tax liability minimization that occurs from a sound financial plan. Tax avoidance is legal but tax evasion is not.

SPEECH RECOGNITION

Technology enabling computers to recognize spoken words. The sound is digitized and then matched to a pattern stored on the database.

SPLIT LIMIT

General term referring to coverage that is divided into separate amounts depending on the loss type.

SPREAD DURATION

Measuring the sensitivity of a bond price based on basis point changes of more than 100.

STAGED PAYMENTS

Payments that are made in installments bot not necessarily in a regular or an equal amount.

STANDARD OF FAIRNESS

The level of even handedness used in dispensing justice where claims are recognized in order of legal and contractual priority.

STAPLE PRODUCT

The most important product forming the major part of an economy’s output or the GDP of a country.

STATIC DECISION

A decision that is implemented and whose outcome is controlled b y the person making the decision.

STEP RATE

One that moves up and down in a fixed or standard progression.

STICKY SITE

Web site that is well organized , content rich where visitors will return again and again.

STOCKTAKING

Verification of number of items in an inventory to accurately value and audit the stock.

STRATIFICATION

1. Classification of large quantity of data into groups based on criteria exhibited. 2. Society’s hierarchical arrangement into layers based on features such as gender, race, age.

STRONG MARKET

A market where sellers are outnumbered by buyers and prices are trending upwards.

SUB ACCOUNT

A separate account kept under safe keeping with a bank.

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