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

Category: S

STRETCH GOAL

Goal that can’t be attained by steps but needs extending to the limit to be realized.

SUBJECT FILING

Method of record management where documents are coded, classified and stored by subject matter.

SUBPRIME

Term that is used to describe loan or mortgage that is below prime.

SUBSTANTIALLY AS FOLLOWS

Term at the start of a clause indicating authority is granted to alter the clause provisions in order to meet special requirements or situations.

SUE AND LABOR COSTS

Insured’s costs in diminishing or averting losses that can be recovered from the insurer.

SUMPTUARY

Regulates extravagant spending as a way to control resources.

SUPERCONDUCTIVITY

Total or near total lack of resistance to an electronic current flowing through a product.

SUPPLY

The total amount of a goods or service that is available to be purchased at any set period of time.

SURGE PROTECTOR

Device shielding electronic equipment from sudden increases in voltage caused by defective transformers, power restoration.

SWAP CURVE

The illustration graphically showing possible returns for changing/swapping maturity dates.

SWITCH MATERNITY

The provision where female employees participating in a plan for healthcare covered only if their husbands are listed under dependents of the plan.

SYNCHRONICITY

Relationship between a series of processes where one can’t start or go beyond a set point until another process has started, ended or reached a set point.

SYSTEM DEPLOYMENT

The act of delivering, installing and testing of a computer system so it ready for operation.

SPECIFIC PERFORMANCE

The court order that is mandatory where a party must fulfills its contractual obligations according to the exact terms of the contract.

STACKING OF LIMITS

The legal term that refers to using more than one policy to claim on one event.

STANDING ORDER

1. Banking. Payment that is pre-authorized where the account holder asks ate bank to pay an amount from their account to a party regularly. See direct debit payment. 2. Purchasing. Orders that

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