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

Category: Finance

SMARTPHONE

A mobile phone with many features of a computer included in its functions.

SOCIAL AUDIT

The processes involved in the evaluation of a company’s procedures of operation. It will determine if any impact has been adversely made on society.

SOCIAL INVESTING

A strategy where investments are driven in part or totally by a social or unrealistic objectives.

SOCIAL SKILLS

The ability to persuade, interact and communicate with members of society with no undue conflict and disharmony.

SOFT DOLLAR

1. Payment that is instead of cash and is in kind. 2. A claim, benefit, discount or interest as opposed to cash.

SOFTWARE LICENSE

The permission given to allow a user to use a piece of software that is not exclusive. See shrinkwrap license.

SOLIDS CONTENT

The proportion of non-volatile material that is found in adhesive, ink, paint and other suspension fluids.

SOURCE DETERMINATION

The process used to find the cause of a problem or an issue that has arisen. A back tracking process to locate the cause.

SPAM

A mass mailing via the interenet where a message is sent to everyone whose email address is known of. It does not ask permission.

SPECIAL LIEN

A lien that includes the right to sell a property in default after giving notice and without getting a foreclosure.

RATE LOCK DEPOSIT

The fee that a borrower pays to lock in their interest rate for the period while their mortgage application is processed. If they withdraw the application, they forfeit their deposit.

RATING POINT

The size of a television channel or radio station audience which is expressed as merely a percentage of the whole, potential audience size.

RBC CASH INDEX

Survey conducted by the RBC Financial Group that measures customer spending and attitudes by each household. The RBC CASH index provides indication of consumer confidence and expectations for the economy.

REAL ESTATE

Real estate includes the land and anything fixed, immovable, or permanently attached to it such as buildings, walls, fixtures, improvements, roads, trees, shrubs, fences, roads, sewers, structures, and utility systems.

REALLY SIMPLE SYNDICATION (RSS)

Form of coding that allows information from one site to be displayed on a computer or another webpage as a continuous stream of information. People can subscribe to feeds that interest them.

RECAST TRIGGER

An event that triggers a recasting of the payment plan for an ARM mortgage. For instance, if the borrower makes a minimum payment for 5 years, the payment schedule can be recast

RECIPROCAL AGREEMENT

1. General: arrangement in which two or more parties agree to share resources. 2. Data backup: Two organizations agree to store backup data. 3. Disaster planning: Each party agrees to allow another

RECORD CREATION

This term refers to a reproduction or production of a recorded or documented information.

RECURRING DEBT

Any debt payments that recur on a regular monthly basis. Examples include child support, alimony and mortgage payments. Lenders consider this debt when evaluating the creditworthiness of a borrower.

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