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

Category: Finance

SPECIFIC RETURN

The part of an excess return on assets that are not explained by common factors. Also known as idiosyncratic return.

SPINOFF

Corporate divestiture accomplished by (1)creating a subsidiary and new shares will be issued or (2) leveraged buy out by subsidiary management.

SPONTANEOUS LIABILITIES

Liabilities resulting from the purchase of services or goods on credit that incur the obligation to be paid later.

STAFF

1. All employees who work for a company. 2. Employees working under a given supervisor. 3. Act of having a position at a company.

STANFORD-BINET SCALE

US version of Benet Scale for intelligence measuring that was introduced in 1916 by A. Term from Stanford University.

STATEMENT OF RESOURCES

Financial statement showing assets owned or available to an organization for using in objective accomplishments.

STATUTE OF REPOSE

Statute of limitations applying the number of years a party has after the contract is over to act.

STHENE (SN)

A European martin force unit that is needed to accelerate a mass of 1 ton at the rate of 1 meter per second squared. Equal to 1000 Newton’s, or 224.81 pounds of

STOCKLESS PURCHASE

Arrangement where the supplier holds items ordered in its own warehouse to release them when required by a customer.

STORABLE

Goods that don’t lose value or degrade over a fairly lengthy period of time.

STRAIGHT LINE DEPRECIATION

Method of calculating depreciation where the cost of the capital reduces by equal amounts for each period of accounting during an assets estimated life.

STRATEGIC INFORMATION SYSTEMS

Developed by Dry, Charles Wiseman in 1982, used in information systems and created to respond to business initiatives and give a competitive advantage.

STUFFING OF A CONTAINER

Process where cargo is loaded into empty containers then sealed and transported to a carrier. Also known as vanning.

SUBPRIME LENDER

Financial bodies having the inclination to lent to consumers who don’t qualify for a traditional loan.

SUBSTANTIVE

The existence that is permanent or real and temporary or apparent.

SUGGESTIVE MARK

A symbol, word or picture suggesting but not describing aspects of the associated service or goods.

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