Category: S

The lowest temperature of a substance where it will ignite itself with no spark or flame present.

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

The measurement of costs involved in relation to the number of units produced.

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

Financial statement that shows starting balance, deductions and additions, closing balance of a share holder’s equity account. Also known as Statement of shareholders equity.

Time frame set by legislation where affected parties need to take action to enforce rights or seek redress after injury or damage.

Committee advising on issues key to company objectives and policy such as marketing strategy, budget control, allocation of resources.

The unloading and loading of cargo.

Position of an item of inventory based on relationship between demand and needs, quantity on hand and orders that are outstanding.

A planned and deliberate break for a journey that is longer than 24 hours.

The premiums of the policy last the duration of the insured’s life to 100 years. Also called Continues premium whole life policy.

Transition time of a company’s competition requiring the company to change its current path and adapt or risk losses of profit.

Shrink-wrap is similar, a plastic film tightly wrapped around goods or packages. Not heat shrunk but tightly stretched.

The research, examination, identification of aspects or factors of an event or activity.

1. Conditional or dependent on something. 2. Being under domination as of a authority or government subject to the whims of the boss.3. Exposed or open to undesirable or unfortunate criticism. 4.

A situation that arose in 2008 and affected the mortgage industry because borrowers were approved for loaned they couldn’t afford. Many lending institutions collapsed.

Support of a claim or assentation by objective data or other proof of evidence.

Method where ideas of employees are communicated to management.

Infrequent or miscellaneous supplier not assigned an individual ledger but are grouped together.

Used at the New York Stock Exchange, it is an electronic order entry and reporting system.