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

Category: S

SUBSTANDARD RISK

Term in the insurance industry for a person with a risk below average or impaired due to a dangerous hobby, health condition, disease history or living in unhealthy areas. Also called an

SUCCESS

1. The achievement of an action in a set period of time or within a set of parameters. Reaching a goal or project completion. 2. The term, colloquially used that derbies a

SUMMARY

Content overview providing the reader with the overall theme but no details that are specific.

SUPERANNUATION SCHEME

The retirement plan in Australia where monthly payments are made to the employee who has retired.

SUPERVISING

Regulating and monitoring a process or activity or tasks.

SURFING

Exploring the World Wide Web by following links from place to another.

SUSTAINABILITY

1. General. (1) Ability to substantiate a claim. (2) Ability to continue an activity in the long term. 2. Economics. Continuing growth or development without affecting the environment negatively.

SWIPE

The act where a card is slid through a magnetic stripe reader.

SYMPATHY STRIKE

The taking of industrial action where employees of another firm or department will stop work to show solidarity with the striking workers.

SPECIALTY ADVERTISING

A permanent advertisement that is printed on handy small items such as cups, calendars, bags that are given away to remind people of the products.

SPIFF

Slang term. The sum of money that is paid by the vendor’s salesman to the retailer’s salesman for motivation to push the goods of the vendor.

SPONSOR PLAN

The term referring to the employer that sets up or continues a plan for the benefit of employees.

SQUARE POSITION

1. Cash outflow and cash inflow match in a set period of time. 2. Revenue from sales is equal with purchases. 3. Futures trading open position covered with a hedge.

STAMPED SECURITY

A security that has had a feature altered and officially stamped to show it is an official change.

STATE FARM

Carrier of insurance providing cover for homes, automobiles, individuals and businesses.

STATUTE BARRED

The claim, agreement or right that can’t be subject of any legal action because it is too late after the date has been exceeded. See statute of limitations. See laches.

STEAMSHIP LINE

A firm providing passenger and or cargo transport services that are scheduled with its own vessels or leased vessels.

STERILANT

An anti-microbial agent killing fungi, bacteria, viruses and spores that are hard to eradicate. See sterilizer or spermicide.

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