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

Category: Finance

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.

TANGIBLE COMMON EQUITY

Calculated by deducting intangible assets, preferred costs of equity from the book value of a firm.

TARGET COST

1. Contracting. Final cost that is agreed on. 2. Costing. Final cost of a service or product that needs to be achieved to generate desired sales revenue and income. See target costing.

TARGET VALUE

The output that is aimed for from process or the results aimed for in admeasurement.

SPECIAL WASTE

Waste that needs to be treated carefully due to a hazardous nature, offensive nature, size or state.

SPENDING PHASE

Part of person’s life where money spent if from existing assets as income has been reduced significantly.

SPLIT RATIO

Ratio of outstanding shares in comparison to amount of original shares before a stock split.

SPREAD TRADE

The simultaneous taking of 2 positions, one short and one long on 2 different instruments in order to profit from a negative move in one and a positive move in the other.

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