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

Category: Finance

SWIPE

The act where a card is slid through a magnetic stripe reader.

SYMPATHY STRIKE

The taking of industrial action where employees of another firm or department will stop work to show solidarity with the striking workers.

TACACS

Terminal Access Controller Access control System. Security protocoling authenticating and identifying computer identities. Developed by Cisco Systems as an alternate to RADIUS.

TAKES PRICE

The amount that a seller needs to raise for a buyer; or the price that needs to be lowered for the seller so the counter party will accept the offer.

TARGET MARKET

The particular segment of the market that is the focus for a marketing campaign.

TARIFF ESCALATION

Situation where import duties on components are lowest and then they increase towards the finished goods. See tariff anomaly.

SPECIALTY ADVERTISING

A permanent advertisement that is printed on handy small items such as cups, calendars, bags that are given away to remind people of the products.

SPIFF

Slang term. The sum of money that is paid by the vendor’s salesman to the retailer’s salesman for motivation to push the goods of the vendor.

SPONSOR PLAN

The term referring to the employer that sets up or continues a plan for the benefit of employees.

SQUARE POSITION

1. Cash outflow and cash inflow match in a set period of time. 2. Revenue from sales is equal with purchases. 3. Futures trading open position covered with a hedge.

STAMPED SECURITY

A security that has had a feature altered and officially stamped to show it is an official change.

STATE FARM

Carrier of insurance providing cover for homes, automobiles, individuals and businesses.

STATUTE BARRED

The claim, agreement or right that can’t be subject of any legal action because it is too late after the date has been exceeded. See statute of limitations. See laches.

STEAMSHIP LINE

A firm providing passenger and or cargo transport services that are scheduled with its own vessels or leased vessels.

STERILANT

An anti-microbial agent killing fungi, bacteria, viruses and spores that are hard to eradicate. See sterilizer or spermicide.

STOCK MARKET CRASH

1. A rapid and steep decline in price of shares created by a selling panic. Triggered by investor’s losing confidence after a unexpected situation arose. 1929 US market crash destroyed more than

STOP WORK ORDER

Formal notice making a contractor stop working. If not started again contract is considered terminated.

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