Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: S

SPENDING PHASE

Part of person’s life where money spent if from existing assets as income has been reduced significantly.

SPLIT RATIO

Ratio of outstanding shares in comparison to amount of original shares before a stock split.

SPREAD TRADE

The simultaneous taking of 2 positions, one short and one long on 2 different instruments in order to profit from a negative move in one and a positive move in the other.

STAKEHOLDER

Group, organization or person who has a stake that can be affected by the organizations objectives, policies and actions. See corporate governance.

STARTUP

Phase describing the beginning of an enterprise that secures finances for the idea.

STATISTICAL COST

The cost that is determined by using statistical methods on historical data.

STEPPED INTEREST DEBENTURE

Debt security that is initially low but increases in stages until it reaches a fixed point and will stay at that rate until redemption.

STIPULATED SUM AGREEMENT

Contract where a set amount is set forth as a total payment on the completing of an agreement. See lump sum contract.

STOP BUY ORDER

Stop order variation where the broker has been told to buy a security or commodity at a certain price level.

STORY STOCK

any stock associated with a news item whose price is expected to move either up or down.

STRAPHANGER

A user of public transport who hangs onto straps provided to steady themselves during the journey.

STREET BROKER

A market broker who operates over the counter and not a broker from the stock exchange.

STRUCTURAL DESIGN

Manner where the load bearing members of a framework support each other in load sharing.

SUB JUDICE

Latin-under a judge. A matter or case that is before a judge or court for determination.

SUBMITTED BUSINESS

A new business application that is turned into the insurer but has not yet ben declined or accepted.

SUBSYSTEM

A group of inter-connected and interactive components that perform important tasks as part of a larger system.

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