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

Category: Finance

SOCIAL ACCOUNTABILITY

The measures that are made by an organisation to be aware of concerns to the community surrounding it. It is reflected in a commitment to health and safety, civil and human rights

SOCIAL IMPACT

The effect that can be caused by an activity on the social fabric of a community.

SOCIAL SECURITY SYSTEM

Funded by tax and payroll contributions it provides the money for governemnt programs to assist the unemployed, disabled, retired and disadvantaged.

SOFT COMMODITIES

Commodities in agriculture like coffee, sugar, tea, grains, cocoa, cotton that excludes livestock and finacial futures.

SOFTWARE DOCUMENTATION

Information detailing the design features, system limitations, capabilities of a software program. Also known as a software manual.

SOLID STATE CIRCUIT

An integrated circuit that is composed of a single solid piece of material that is usually silicon crystal where electonic components and the path that connects them are printed or etched.

SOURCE

1. Place of origin. 2. The specific publication or media where a piece of information was taken from and included in end notes, foot notes. Can also be person for a news

SOVEREIGN INDIVIDUAL

A person believing in the rights and power of the individual, who doea not trust the government and would like more power in the hands of the individuals.

SPECIAL DRAWING RIGHTS (SDR)

Created in 1970 by International Monetary fund to coincide with a a disfavour in the US dollar as the main world currency. It is an accounting entry.

RATE BASE

The Base number used to compute the rate for taxation, a utility charge, a service or other rate.

RATED

Rated is a term that is used in reference of the coverage, which costs more due to a preexisting injury of an insured party.

RAW LAND

When land is found in its natural state, it is called raw land. This means that there have been no manmade improvements such as clearing, digging, grading, cleaning and more.

READJUSTMENT INCOME

Income essential for the family of a deceased primary wage earner. This income allows the surviving family member?s time to readjust their spending habits to accommodate their new level of income

REALIZATION

1. Change of assets, goods, or services into cash or receivables through sale. 2. Recognition of revenue when the title passes from seller to the buyer with the creation of a responsibility

RECALL RATIO

This term refers to the number of records gathered in a database search divided by the total number of records indexed on that subject in the catalog. See also precision ratio.

RECIDIVISM

Within the environment of health insurance, this term is used in reference to the regularity with which an insured returns to the hospital for inpatient treatment due to the same complaint.

RECORD APPRAISAL

Determination of the retentive values and disposal time of records based on their administrative, audit, fiscal, historical, legal, or operational value to the organizations where they were created or received.

RECTO

Right hand page of an open publication, usually odd numbered. The title of a book appears always on this page, and so does the contents, preface, introduction, chapter headings, etc.

REDACTION

The process of redaction is when a document is modified, edited or reviesed to have all confidential and sensitive information taken out of it.

REEFER CARGO

This term refers to a shipment that requries a temperature controlled environment.

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