Category: S

The act where a card is slid through a magnetic stripe reader.

The taking of industrial action where employees of another firm or department will stop work to show solidarity with the striking workers.

An organic compound man made by industrial synthesis.

A permanent advertisement that is printed on handy small items such as cups, calendars, bags that are given away to remind people of the products.

Slang term. The sum of money that is paid by the vendor’s salesman to the retailer’s salesman for motivation to push the goods of the vendor.

The term referring to the employer that sets up or continues a plan for the benefit of employees.

1. Cash outflow and cash inflow match in a set period of time. 2. Revenue from sales is equal with purchases. 3. Futures trading open position covered with a hedge.

A security that has had a feature altered and officially stamped to show it is an official change.

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.