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

Category: Finance

SUBSTANCE OVER FORM

Method auditors try to use in deterring costs that are based which liabilities and assets are used instead of the way they are categorized.

SUBVENTION INCOME

Amount of revenue that a not foot profit organization needs to keep to pay operating expenses.

SUMMA CUM LAUDE

Latin-with highest honor. Given to graduates with a high academic achievement. See magna cum laude and cum laude.

SUPER MAJORITY

A majority of 75% or more of votes needed to approve decisions or changes in an organization.

SUPERTURNKEY

An all encompassing turnkey contract such as for design-build-operate (DBO) arrangement.

SURFACTANT

Active surface agent allowing ‘wetting’ of a soiled surface and the suspension of greasy particles in a solution.

SUSPENSE FILE

File arranged chronologically for storing documents waiting to be acted on or associated with unconcluded transactions. Also known as tickler file.

SWING TRADER

The investor seeking to profit from cycles of prices lasting from one day to many weeks. Compare to day trader; scalper.

SYMMETRICAL DIGITAL SUBSCRIBER LINE (SDSL)

A single line digital subscriber line, DSL, offering 2.3 Mbps of bandwidth in both directions over phone lines to a length of 10,000 feet with no repeaters. Also called High Speed digital

TABULAR PLAN

A rating plan deriving a formula for rating from various tables.

TAKEOVER BATTLE

The circumstances where one company resists its acquisition by another company.

TARGET LEVERAGE RATIO

The money amount that a company can pay off for expenses and not compromise the revenue earned.

TARIFF CONCESSION SCHEME

The Australian Tax that is levied on all imported goods that do not contain any materials that have been produced locally.

SPENDTHRIFT PROVISION

A condition in trusts barring one or more beneficiaries from pledging or spending benefits before they are received.

SPOKESPERSON

A respected and well known person serving as the regular advocate for a product or cause.

SPRINKLING TRUST

A living trust or will where the trustee decides which beneficiary receives which benefit from the trust.

STALE CLAIM

A claim that has been barred under a statute of limitations or a doctrine of laches.

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