Category: S

A secondary obligation supporting performance or the satisfaction of another obligation.

The amount that is appropriated out of surplus earned for future or unforeseen expenditure.

Arrangement in banking where a cheering account balance below or above a set amount is transferred automatically from and to interest bearing accounts.

Analysis of a situation where Strengths and Weaknesses of organizations, Opportunities and Threats are examined to develop a strategy. See PEST analysis.

Cost incurred in promoting a syndications interests. May be an intangible asset in financial statements.

System wide effect of a group or system as a whole instead of individual member parts.

Technology enabling computers to recognize spoken words. The sound is digitized and then matched to a pattern stored on the database.

General term referring to coverage that is divided into separate amounts depending on the loss type.

Measuring the sensitivity of a bond price based on basis point changes of more than 100.

Payments that are made in installments bot not necessarily in a regular or an equal amount.

The level of even handedness used in dispensing justice where claims are recognized in order of legal and contractual priority.

The most important product forming the major part of an economy’s output or the GDP of a country.

A decision that is implemented and whose outcome is controlled b y the person making the decision.

Minimum length of time needed under law for a specified notice.

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

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

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

Policy cover damage to property as well as injury to the store keeper.

Traditional production on an assembly line where parts are strategically located next to the line.

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.