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

Category: Finance

STRAIGHT COMMISSION PLAN

Method of compensating a sales person where no salary is paid only a percentage of sales. See straight salary plan.

STRATEGIC BUSINESS PLAN

Internal document that will (1) outline the philosophy, purpose and direction of the organization (2) examine its current status, SWOT analysis, (3) set long term objectives and (4) set short term tactics

STRESS

1. Engineering. Force or load per unit area which will cause deformation of the body it is acting on. See strain. 2. Psychology. (1) As the cause that can lead to a

STRUCTURED SALE

Process of selling capital assets including any real estate in ways permitting deferrals of tax.

SUBDIVIDER

Individual responsible for dividing large land parcels into smaller plots for sale.

SUBORNATION

Persuading or inducing someone to commit criminal act or an unlawful act like perjury.

SUCCESS TO THE SUCCESSFUL

Term from system dynamics for the situation of a successful competitor will be rewarded by an economic system with more resources that come at the expense of competitors less successful.

SUPERBILL

The document listing every service that is provided by a doctor.

SURGE

Sudden increase in line voltage lasting more than one cycle of line frequency, 50Hz in UK and elsewhere and 60Hz in North America.

SUSTAINABLE GROWTH MODEL

1. Corporate. Technique of forecasting required sales growth to gain a market share. 2. Economy. Plan of development aiming to achieve long term growth without permanent damage to the economy and environment.

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.

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