Category: S

A governments obligations of expenditure not requiring a vote or any statutory provisions.

Carrier of insurance providing cover for homes, automobiles, individuals and businesses.

The claim, agreement or right that can’t be subject of any legal action because it is too late after the date has been exceeded. See statute of limitations. See laches.

A firm providing passenger and or cargo transport services that are scheduled with its own vessels or leased vessels.

An anti-microbial agent killing fungi, bacteria, viruses and spores that are hard to eradicate. See sterilizer or spermicide.

1. A rapid and steep decline in price of shares created by a selling panic. Triggered by investor’s losing confidence after a unexpected situation arose. 1929 US market crash destroyed more than

Formal notice making a contractor stop working. If not started again contract is considered terminated.

Method of compensating a sales person where no salary is paid only a percentage of sales. See straight salary plan.

Internal document that will (1) outline the philosophy, purpose and direction of the organization (2) examine its current status, SWOT analysis, (3) set long term objectives and (4) set short term tactics

1. Engineering. Force or load per unit area which will cause deformation of the body it is acting on. See strain. 2. Psychology. (1) As the cause that can lead to a

Process of selling capital assets including any real estate in ways permitting deferrals of tax.

Individual responsible for dividing large land parcels into smaller plots for sale.

Persuading or inducing someone to commit criminal act or an unlawful act like perjury.

Being significant or large and having substance.

Term from system dynamics for the situation of a successful competitor will be rewarded by an economic system with more resources that come at the expense of competitors less successful.

Minor law violation that is prosecutable without a full trial or indictment.

The document listing every service that is provided by a doctor.

Agreement that is consented to mutually that will modify an agreement that already exists.

Sudden increase in line voltage lasting more than one cycle of line frequency, 50Hz in UK and elsewhere and 60Hz in North America.

1. Corporate. Technique of forecasting required sales growth to gain a market share. 2. Economy. Plan of development aiming to achieve long term growth without permanent damage to the economy and environment.