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

Category: Finance

STATEMENT OF FACTS

An assentation written down including all pertinent facts for a court case. TLD Example: The memorandum of law submitted in support of the motion began with a detailed statement of facts before

STATUTE OF FRAUDS

Needs that contracts must be written and executed properly to prevent perjury and fraud.

STEEP

Factors making up the external environment of the organization such as economic, social, technological, political and ecological that affect decision making.

STET

Latin- let it stand. 1. Law. Court order that will stay a legal procedure. 2. Proofreading. Ignore the correction just made.

STOCK ON ORDER

Items of inventory that have been ordered but have not yet been shipped.

STRAIGHT DISCOUNT

The calculation of the present value of any future cash flows without any compounding.

STRATEGIC DRIVER

A factor that is critical in determining the failure or success of the strategy of an organization.

STRETCH GOAL

Goal that can’t be attained by steps but needs extending to the limit to be realized.

SUBJECT FILING

Method of record management where documents are coded, classified and stored by subject matter.

SUBPRIME

Term that is used to describe loan or mortgage that is below prime.

SUBSTANTIALLY AS FOLLOWS

Term at the start of a clause indicating authority is granted to alter the clause provisions in order to meet special requirements or situations.

SUE AND LABOR COSTS

Insured’s costs in diminishing or averting losses that can be recovered from the insurer.

SUMPTUARY

Regulates extravagant spending as a way to control resources.

SUPERCONDUCTIVITY

Total or near total lack of resistance to an electronic current flowing through a product.

SUPPLY

The total amount of a goods or service that is available to be purchased at any set period of time.

SURGE PROTECTOR

Device shielding electronic equipment from sudden increases in voltage caused by defective transformers, power restoration.

SWAP CURVE

The illustration graphically showing possible returns for changing/swapping maturity dates.

SWITCH MATERNITY

The provision where female employees participating in a plan for healthcare covered only if their husbands are listed under dependents of the plan.

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