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

Category: Finance

STRATEGIC INFLECTION POINT

Transition time of a company’s competition requiring the company to change its current path and adapt or risk losses of profit.

STRETCHWRAP

Shrink-wrap is similar, a plastic film tightly wrapped around goods or packages. Not heat shrunk but tightly stretched.

STUDY

The research, examination, identification of aspects or factors of an event or activity.

SUBJECT TO

1. Conditional or dependent on something. 2. Being under domination as of a authority or government subject to the whims of the boss.3. Exposed or open to undesirable or unfortunate criticism. 4.

SUBPRIME CRISIS

A situation that arose in 2008 and affected the mortgage industry because borrowers were approved for loaned they couldn’t afford. Many lending institutions collapsed.

SUBSTANTIATION

Support of a claim or assentation by objective data or other proof of evidence.

SUNDRY CREDITORS

Infrequent or miscellaneous supplier not assigned an individual ledger but are grouped together.

SUPERDOT

Used at the New York Stock Exchange, it is an electronic order entry and reporting system.

SUPPLY CHAIN

The complete network of bodies that are either directly or indirectly linked or dependent in serving the same customer. It will comprise the vendors of raw materials, production company, storage warehouses, distribution

SWAP MATERNITY

Provision where pregnancy covers members in a group health plan but coverage is terminated at the end of the plan even if a pregnancy is still progressing.

SYNCHRONIZED PRODUCTION

The process where each run of production will put out an identical sequence of items in terms of quantity, mix and rate. See synchronized manufacturing.

SYSTEM ENGINEERING

Efforts to (1)translate operational needs into system performance, (2) incorporate physical and functional needs in order to get an optimal design and (3) integration of all factors in order to meet performance,

TACTICAL PLAN

Steps and tactics required to achieve goals defined in the strategic plan.

TAMPERING

1. Law. Improper or illegal alteration with evidence or documents, meddling with a witness. 2. Quality control. Adjusting a process continually in order to compensate for output variations.

TANNING

A chemical treatment that removes any soft, perishable proteins from animal hides and skins that convert it into a durable and flexible leather.

TARGET ORGAN TOXIN

A substance that won’t effect the whole body but will attack an organ or body system.

TARIFF WAR

The counter balancing of tariff rates by one country that is a retaliatory act in relation to another country to gain advantages in trade.

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