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

Category: Finance

SYMPOSIUM

A discussion by a panel of experts on a certain topic with participation from the audience.

SYSTEM

1. Detailed procedures, methods and routines to carry out an activity, problem solve or perform a duty. 2. Purposeful organized structure that is regarded as a whole and consists of interdependent and

TACIT COLLUSION

The circumstances of 2 companies agreeing upon a strategy that is not put in writing .

TAKT TIME

An adjustable time unit used for production that will synchronize production rate with demand rate. German term referring to the beat of music.

TANGIBLE REWARDS

Monetary or material incentive that can be translated into a value of cash.

TARIFF RATE

A rate that is derived from data in a tariff of rates such as rating tables and schedules.

SPECIALTY GOOD

An item with special qualities such as being unique and extraordinary that people look for them to buy. Items such as designer clothes, famous art work.

SPILL OR LEAK PROCEDURES

MSDS, Material Safety Data Sheet, term covering equipment, precautions and methods to control and cleanup after a spill or leak.

SPONTANEOUS ASSETS

Items that are tangible and increase resulting from an increase in business activity.

STABILIZATION

An underwriter’s attempt to create an active market to prevent a fall in price for the security.

STAND ALONE

1. General. A thing that can perform its intended operation without any assistance. 2. Computing. (1) Self-contained system not linked to another. (2) Individually sold software and not as part of a

STATE OF THE ART

Total of technical and scientific knowledge that is currently available as applied to a product or design.

STATUTE LAW

Body of written laws that have been adopted by the legislative body.

STEEL

An alloy of iron that contains carbon as low as 0.03 % as in a steel ingot through to 2.5% in cast iron. Varying amounts of other elements such as manganese, chromium,

STOCK NORM

Ratio of sales to inventory as a percentage or in numbers of weeks or days. Includes safety stock, work in process, seasonal stock and pipeline stock.

STOPGAP

Temporary or unplanned measures used to fix a problem that is unexpected.

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