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

Category: Finance

SUBMITTED BUSINESS

A new business application that is turned into the insurer but has not yet ben declined or accepted.

SUBSYSTEM

A group of inter-connected and interactive components that perform important tasks as part of a larger system.

SUNSET PROVISION

The provision or condition in law that designates a point in time when that law will no longer be in effect.

SUPERNORMAL GROWTH

A rate of growth of an industry or firm that is greater than the economy as a whole.

SURFACE RIGHTS

Rights of a landowner to the exterior or upper section of land , water and other substances below the land. See mineral rights and subsurface rights.

SUSCEPTIBILITY

The degree where an organism or system is able to be impaired due to a weakness that is inherent in normal operations. See survivability.

SWIFT

Society for Worldwide Interbank Financial Telecommunications. Global network of communication giving banks 24 hour secure exchange internationally.

SYMBOLIC LANGUAGE

An artificial language such as Mathematics that uses symbols to avoid any ambiguities or inadequacies of a natural language like English.

SYNOPSIS

The brief summary or outline of main points of articles, plans or books.

TABLET PC

A notebook computer that has an LCD touch screen that can also be used with a stylus. It uses digital ink technology.

TAGUCHI METHOD

Method of quality control combining process control and control charts with process and product design in order to get a total design that is robust.

TARGET COSTING

A method of product costing where the final cost has been determined after analyzing the market and designing the product to meet demands. See target cost.

SPECIALIZATION

The community, organization or groups agreement that sees the person with the appropriate skills assume the responsibility for the task.

SPENDING PLAN

A budget that comprises all of the department budgets for a period of accounting, project or program.

SPLIT RUN

Technique in scheduling ads where 2 ads are run to see which is the more effective.

SPREAD TRADING

Strategy in trading by the buying simultaneously of a security and selling a related security against it. Called pairs trading.

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