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

Category: Finance

STIMULUS-RESPONSE METHOD

Approach to sales saying the right thing at the right time and guiding prospects in a standard question/answer sequence.

STONEWALLING

The delaying tactics used to refuse to co-operate or answer questions.

STORY (STOREY)

The space between two floors or between the floor and the building’s roof. Between 3.0 and 3.5metres high.

STRANDED ASSET

Valued instrument of the stock market that is not performing well but needs to be shown on financial statements.

STREAMLINE

Improving the processes, organizations or businesses efficiency through simplifying steps.

STRUCTURAL CAPITAL

The formulas, intelligence, systems, policies, patents etc., resulting from products the firm has made over time.

SUB BROKER

The broker who is an intermediary from whom another broker will acquire the reinsurance needing to be placed.

SUBSIDIARY ACCOUNT

An account describing activity of a business associated with a balance sheet account.

SUBSURFACE RIGHTS

Rights of the landowner to water and substances below the surface of their land. See air rights, surface rights, mineral rights.

SUM CERTAIN

The settled or fixed amount that is specified in or is ascertained from negotiable instruments as a sum payable.

SUNSET LAW

The statute governing the continuity of a program or agency.

SUPERNORMAL GOAL

The objective important for the success and survival of an organization that has more importance than individual objectives of the members.

SURVIVOR PRINCIPLE

The concept where the most efficient method of production is used by a company in order to survive and compete in the long term.

SWEETHEART AGREEMENT

A mutually beneficial private agreement of parties not necessarily in best interest of those affected without involving the workers. See sweetheart contract.

SYMBOL

Sign or word used to indicate or signify an idea, relationship or object.

SYNERGY

State where 2 or more things are working together in a productive way.

T ACCOUNT

A simplified 2 column account resembling the letter ‘T’ used to illustrate double entry bookkeeping. Has 3 elements, title, left hand columnar and a right hand column.

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