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

Category: S

STIPULATED SUM AGREEMENT

Contract where a set amount is set forth as a total payment on the completing of an agreement. See lump sum contract.

STOP BUY ORDER

Stop order variation where the broker has been told to buy a security or commodity at a certain price level.

STORY STOCK

any stock associated with a news item whose price is expected to move either up or down.

STRAPHANGER

A user of public transport who hangs onto straps provided to steady themselves during the journey.

STREET BROKER

A market broker who operates over the counter and not a broker from the stock exchange.

STRUCTURAL DESIGN

Manner where the load bearing members of a framework support each other in load sharing.

SUB JUDICE

Latin-under a judge. A matter or case that is before a judge or court for determination.

SUBMITTED BUSINESS

A new business application that is turned into the insurer but has not yet ben declined or accepted.

SUBSYSTEM

A group of inter-connected and interactive components that perform important tasks as part of a larger system.

SUNSET PROVISION

The provision or condition in law that designates a point in time when that law will no longer be in effect.

SUPERNORMAL GROWTH

A rate of growth of an industry or firm that is greater than the economy as a whole.

SURFACE RIGHTS

Rights of a landowner to the exterior or upper section of land , water and other substances below the land. See mineral rights and subsurface rights.

SUSCEPTIBILITY

The degree where an organism or system is able to be impaired due to a weakness that is inherent in normal operations. See survivability.

SWIFT

Society for Worldwide Interbank Financial Telecommunications. Global network of communication giving banks 24 hour secure exchange internationally.

SYMBOLIC LANGUAGE

An artificial language such as Mathematics that uses symbols to avoid any ambiguities or inadequacies of a natural language like English.

SYNOPSIS

The brief summary or outline of main points of articles, plans or books.

SPECIALIZATION

The community, organization or groups agreement that sees the person with the appropriate skills assume the responsibility for the task.

SPENDING PLAN

A budget that comprises all of the department budgets for a period of accounting, project or program.

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