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

Category: Finance

RISK SELECTION

The class that a risk is determined to be in such as sub-standard, standard or preferred.

ROAD BLOCK

A method used in advertising where the same ad is broadcast at the same time on all available stations or channels.

ROLLING

A process in shaping metal ingots where it is passed between two rollers to get a set shape and thickness.

ROOT MEAN SQUARE (RMS)

A mathematical value calculated by taking the square root of the mean of square roots in a random set of varying quantities observed during a certain cycle. A cycle like an alternating

ROUTINE

1. Any activity performed at regular intervals.2. The repitition of a procedure that does not vary.

RUN RATE

The projected profit of a company is studied in order to make next years investment decisions.

SALES

1. The business or activity of selling services and products. 2. An alternate term for the volume of sales or revenue from sales.

SALVAGE CORPS

A group that has been craeted by an insurance company that has been charged with limiting the damage to property that is due to a fire.

SATURATION

A condition that implies that no more product can be introduced into the market.

SCARCE GOOD

A resource in limited supply but has a large demand. See factors of production and economic goods.

SCIENTIFIC KNOWLEDGE

A fact that has been acquired through the scientific method. Testing is rigorous and independent, needs peer review and subsequent publication, needs a measurement of potential or actual error and must gain

SCRATCH DISK

The area on a hard disc that is required for image editing programs to place files in too large for the RAM. Files are stored here only temporarily.

SEASONAL INDUSTRY

An industry that is dependent on weather conditions or seasonal phenomena that has high and low cycles. Fruit picking is a good example of this.

SECOND ROUND FINANCING

Funds that are raised to further finance expansion of a firm after the start up phase is completed.

SECONDARY INDUSTRY

The sector of an industrial economy that is dominated by manufacture of finished products and not parts for products.

SECURE ELECTRONIC TRANSACTION (SET)

An open industry standard developed by Visa and Mastercard to secire online commerce transactions. When using SET the buyers details are encoded and then sent to Visa and Mastercard to be uncoded

SEGMENTATION

1. Business. Subdivision of a corporation into departments. Economic regions of activity and geographic regions. 2. Finance. The division of an assets pool into segments that show similar characteristics. 3. Marketing.Population subdivision

SELF EMPLOYMENT INCOME

The taxable earned from being self employed. A person who acts as a sole contractor that files form 1065.

SELF-FINANCING

Called auto financing. A project or firm that is able to generate its own growth capital from its income. It does not rely on outside sources for income.

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