Category: S

The underlying or primary material on what other materials are applied or made from.

Life insurance provision where the policy will not pay for suicide within 2 years of the start date.

Money spent and lost permanently.

Situation where leaders gradually and deliberately turn over power, authority and responsibilities to a team that is self-managed.

Expenses that are incurred in activities that are not associated directly with production.

Property not being used but is held by a state government. It may be out of date of not working.

The business that takes advantages of its employees and work them under hazardous or harsh conditions paying minimum wages.

An assessment or written or oral facts that are stated under oath, an affidavit, for example.

A loan that is large and jointly arranged by 2 or more financial institutions to share any risks. Also known as Multi bank credit or syndicated credit.

The approach that is methodical, repeatable and able to be learned by a step-by-step procedure.

1. Financial. Engage in speculation. 2. General. Make an assumption or guess based on small amount of data or none at all.

A contract for life insurance jointly purchased by an employee and employer.

A bid at auction where written bids are placed in the box that is then opened prior to the next item is up for auction.

A project sub-section where tasks are performed together with scheduled outcomes.

Degree of care a prudent and reasonable person will exercise under the circumstances. See duty of care.

Goods that are bought and consumed on a regular basis such as milk, bread, sugar.

1. General. Featured by lack of activity, movement, change or progress. 2. Communications. The n Oise of electromagnetic interference disrupting or degrading quality of an analogue reception or transmission.

Worker treated like an employee for statutory deductions but for tax from income deductions the worker is considered to be self-employed.

A provision for the increase or decrease in rent based on the agreed upon formula like the lessor’s associated expenses with a lease or sale of the leased property.

Financial instrument with a floating rate of interest moving in one direction only.