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

Category: Finance

SLAG

The waste produced from processing metal ores. It floats to the surface and contains silicates, sulphates and phosphates of calcium. Called tailings.

SMALL BUSINESS LOAN

A loan given to small businesses with fewer restrictions that allow the owner to borrow for the enterprise.

SMORGASBORD

A Scandinavian term for a cold buffet. Now it is where all courses are offered at the same time, both hot and cold. Swedish – sandwich table.

SOCIAL FABRIC

The demographics of an area that consists of wealth, ethnic composition, level of education, rate of employment and regional values that are combined to create this social fabric.

SOCIAL RESPONSIBILITY

The obliagation of the management of an organisation to the welfare and the interest of the society where it is in operation.

SOCIONOMIC

A science of social prediction suggesting that the mood of society drives the political and financial behaviour of that society.

SOFTCOVER

A publication that has been glued into a cover that is flexible. Called a paperback, sft back of a soft bound.

SOLDERING

The process of joining 2 pieces of metal together with a low melting point alloy to fill in the gap between the 2 metals.

SOTHEBY’S

A large and now global company started in 1774 that is the 4th oldest house for auctions that is still operating. It sells privately, at auctions for art, real estate and other

SOVEREIGN AUTHORITY

A body such as a parliament whose actions have a legal force and who has the ultimate power to modify, lay down and rescind ant laws of the land.

SPECIAL BUILDING FORM

A form that was used to cover a commercial building against any perils. Now obselete and replaced by the Building and Personal Property Coverage form.

SPECIAL REPORT

An auditor certified document that measures how a company or business has complied with GAAP.

REGRESSION EQUATION

An equation in math used to determine various predictions about a specific variable as it relates to other variables.

RATE OF RETURN RULE

Essential rule of investment that states that an investor should make an investment where the rate of return is larger than the prospective cost of the capital (time deposit interest rate).

RATIONALIZATION

1. Corporate: Also downsizing; closing down certain units to recognize a company?s core competencies and become efficient. 2. Psychological: Acknowledgment of reasonable and acceptable motives while being unconscious of true motives.

READERSHIP TEST

Also known as a recognition test, a readership test entails asking a random sample of readers of they read a specific advertisement that was included in a particular issue of the publication.

REAL TIME

1. General: Response that appears to take place instantaneously 2. Computer model: Animations corresponding to real life situations 3. Data process: Instant updating 4. Data transmission: Simultaneous transfer of data as opposed

REBOOKING

This term refers to a charge paid by the passenger to change his or her ticket; does not refer to a reissuance.

RECEPTION

1. Social event with food and beverages, arranged to welcome special guests or a newly married couple. 2. Room or area where visitors (1) are received, (2) register for hotel stay

RECOMMENDED STANDARD-232 (RS-232)

Older standard for serial data transmission between computers and devices and officially known as an EIA232. A common RS232 cable typically carries data at 20 Kbps, up to a distance of 50

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