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

Category: Finance

SUSPENDED CEILING

The ceiling that is lightweight and hung on wires or cables suspended from the structure overhead.

SWIFT CODE

Codes used by banks around the world organized by SWIFT.

SYMBOLIC LOGIC

Mathematical disciplines used to reduce rules of formal logic to those of algebra. Called mathematical logic.

SYNTHESIS

1. Forming a coherent whole from different elements. 2. Step in a dialectic process where affirmed concepts are countered with their opposites to yield the final concept. 3. Process of combining substances

TABLOID

A newspaper that is roughly half the size of a regular paper, 12×14 inches in size.

TAILORING

Adaptation of requirements to current needs of operation by deleting, modifying and supplementing without any deviation from the norm. See also deviation.

TANGIBLE COST

The amount that is assigned to the area of business operations like supply payment.

TARGET FINISH DATE

Calendar date when a project is to be completed. It starts as an estimate and may be changed as the date nears.

TARGETING STRATEGY

Selection of customers by a business wishing to sell services or products. Use market segments and choosing which ones to target.

SPENDING POWER

Granted legislature authority to administration allowing it to spend funds that are public in line with a budget that is approved.

SPLIT SHIPMENT

The breaking up into 2 or more shipments of a larger shipment, either sent together or separately.

SPREADING

A speculative technique where futures and options are bought and sold for the same item allowing profits form changing prices.

STANDARDS

1. General. Written limit, definition or rule that is approved and monitored by an agency as the minimum benchmark acceptable. 2. GATT defection. “Technical specifications contained in a document that lays characteristics

STATUS QUO STRATEGY

A market approach aimed at keeping things the same and not trying for a larger market share and avoiding competitor confrontation.

STAY OF PROCEEDINGS

Suspension in the progression of a law suit by a court order in situations where proceedings are frivolous or a plaintiff has been involved in misconduct.

STEPPED-UP BASIS

Tax provision for inheritances allowing tax to be determined by market value at time of death and not at time of original purchase.

STOCHASTIC EFFECT

The chance effect of an injury caused by a substance with no threshold level and the probability is in proportion to the dose but the severity is independent of it.

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