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

Category: Finance

STANDARD PRICE

A uniform price that is pre-established for services or goods that is based on cost of replacement, historical prices or the analysis of it competitive market position.

STAR TOPOLOGY

Scheme of network cabling where nodes are connected to a central hub whose failure will shut down the whole network. Star network. See ring topology, tree topology.

STATIONERY

1. General. Supplies for the office such as paper, envelopes. 2. Computing. Types of papers used by different printers.

STEP-DOWN METHOD

Balancing the budget by the reduction of expenses in a avidity of ways.

STIMULUS-RESPONSE METHOD

Approach to sales saying the right thing at the right time and guiding prospects in a standard question/answer sequence.

STONEWALLING

The delaying tactics used to refuse to co-operate or answer questions.

STORY (STOREY)

The space between two floors or between the floor and the building’s roof. Between 3.0 and 3.5metres high.

STRANDED ASSET

Valued instrument of the stock market that is not performing well but needs to be shown on financial statements.

STREAMLINE

Improving the processes, organizations or businesses efficiency through simplifying steps.

STRUCTURAL CAPITAL

The formulas, intelligence, systems, policies, patents etc., resulting from products the firm has made over time.

SUB BROKER

The broker who is an intermediary from whom another broker will acquire the reinsurance needing to be placed.

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.

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