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

Category: S

STEP RATE

One that moves up and down in a fixed or standard progression.

STICKY SITE

Web site that is well organized , content rich where visitors will return again and again.

STOCKTAKING

Verification of number of items in an inventory to accurately value and audit the stock.

STRATIFICATION

1. Classification of large quantity of data into groups based on criteria exhibited. 2. Society’s hierarchical arrangement into layers based on features such as gender, race, age.

STRONG MARKET

A market where sellers are outnumbered by buyers and prices are trending upwards.

SUB ACCOUNT

A separate account kept under safe keeping with a bank.

SUBJECTIVE THEORY OF CONTRACT

Early 19th century legal concept where the existence of an agreement that was binding was determined the intention between parties.

SUBSIDENCE

The land of insured property that is able to shift for a number of reasons.

SUBSURETYSHIP

The arrangement where two or more parties are acting as a security for each other.

SULFUR

Tasteless and odorless chemical element with a pale yellow color.

SUNSET INDUSTRY

An older and still important industry slowly losing investor favor due to falling capacity for generating employment and profits.

SUPERMONTAGE

Used at NASDAQ, it is an integrated electronic order entry and execution system.

SUPPORTING DATA

information attached to offers, agreements, financial statements etc. to provide a back up of the document. Also known as supporting document or supporting schedule.

SURVEILLANCE

Observation and collection of data to provide evidence for a purpose.

SWEET CRUDE

Crude oil that has less than 1 percent of sculpture by weight.

SYMBIOSIS

Close relationship existing between 2 organisms where one gets a benefit from the relationship.

SYNERGISTIC EFFECT

Interaction between entities, agents, substances or factors to produce a greater effect than the total of all the individual effects. Opposite of antagonism. See synergism.

SYSTEMIC VALUE

A judgment allowing 2 possibilities that are ‘either or’ such as yes/no, right/wrong etc.

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