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

Category: Finance

SWAP MATERNITY

Provision where pregnancy covers members in a group health plan but coverage is terminated at the end of the plan even if a pregnancy is still progressing.

SYNCHRONIZED PRODUCTION

The process where each run of production will put out an identical sequence of items in terms of quantity, mix and rate. See synchronized manufacturing.

SYSTEM ENGINEERING

Efforts to (1)translate operational needs into system performance, (2) incorporate physical and functional needs in order to get an optimal design and (3) integration of all factors in order to meet performance,

TACTICAL PLAN

Steps and tactics required to achieve goals defined in the strategic plan.

TAMPERING

1. Law. Improper or illegal alteration with evidence or documents, meddling with a witness. 2. Quality control. Adjusting a process continually in order to compensate for output variations.

TANNING

A chemical treatment that removes any soft, perishable proteins from animal hides and skins that convert it into a durable and flexible leather.

TARGET ORGAN TOXIN

A substance that won’t effect the whole body but will attack an organ or body system.

TARIFF WAR

The counter balancing of tariff rates by one country that is a retaliatory act in relation to another country to gain advantages in trade.

SPECIFIC RETURN

The part of an excess return on assets that are not explained by common factors. Also known as idiosyncratic return.

SPINOFF

Corporate divestiture accomplished by (1)creating a subsidiary and new shares will be issued or (2) leveraged buy out by subsidiary management.

SPONTANEOUS LIABILITIES

Liabilities resulting from the purchase of services or goods on credit that incur the obligation to be paid later.

STAFF

1. All employees who work for a company. 2. Employees working under a given supervisor. 3. Act of having a position at a company.

STANFORD-BINET SCALE

US version of Benet Scale for intelligence measuring that was introduced in 1916 by A. Term from Stanford University.

STATEMENT OF RESOURCES

Financial statement showing assets owned or available to an organization for using in objective accomplishments.

STATUTE OF REPOSE

Statute of limitations applying the number of years a party has after the contract is over to act.

STHENE (SN)

A European martin force unit that is needed to accelerate a mass of 1 ton at the rate of 1 meter per second squared. Equal to 1000 Newton’s, or 224.81 pounds of

STOCKLESS PURCHASE

Arrangement where the supplier holds items ordered in its own warehouse to release them when required by a customer.

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