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

Category: Finance

TARGET ORGAN EFFECT

Symptoms and signs that are produced by substances that will injure a certain part of the body or organs.

TARIFF SCHEDULE

The list of prices, rates and charges that have ben arranged in some sort of order and are published. See import tariff schedule and shipping tariff schedule.

SPECIFIC PERFORMANCE

The court order that is mandatory where a party must fulfills its contractual obligations according to the exact terms of the contract.

STACKING OF LIMITS

The legal term that refers to using more than one policy to claim on one event.

STANDING ORDER

1. Banking. Payment that is pre-authorized where the account holder asks ate bank to pay an amount from their account to a party regularly. See direct debit payment. 2. Purchasing. Orders that

STATEMENT OF OWNERS’ EQUITY

Financial statement that shows starting balance, deductions and additions, closing balance of a share holder’s equity account. Also known as Statement of shareholders equity.

STATUTE OF LIMITATIONS

Time frame set by legislation where affected parties need to take action to enforce rights or seek redress after injury or damage.

STEERING COMMITTEE

Committee advising on issues key to company objectives and policy such as marketing strategy, budget control, allocation of resources.

STOCK POSITION

Position of an item of inventory based on relationship between demand and needs, quantity on hand and orders that are outstanding.

STOPOVER

A planned and deliberate break for a journey that is longer than 24 hours.

STRAIGHT LIFE POLICY

The premiums of the policy last the duration of the insured’s life to 100 years. Also called Continues premium whole life policy.

STRATEGIC INFLECTION POINT

Transition time of a company’s competition requiring the company to change its current path and adapt or risk losses of profit.

STRETCHWRAP

Shrink-wrap is similar, a plastic film tightly wrapped around goods or packages. Not heat shrunk but tightly stretched.

STUDY

The research, examination, identification of aspects or factors of an event or activity.

SUBJECT TO

1. Conditional or dependent on something. 2. Being under domination as of a authority or government subject to the whims of the boss.3. Exposed or open to undesirable or unfortunate criticism. 4.

SUBPRIME CRISIS

A situation that arose in 2008 and affected the mortgage industry because borrowers were approved for loaned they couldn’t afford. Many lending institutions collapsed.

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