Category: S

1. General. Written limit, definition or rule that is approved and monitored by an agency as the minimum benchmark acceptable. 2. GATT defection. “Technical specifications contained in a document that lays characteristics

Loan or equity capital that is used at the start up phase of a company.

A market approach aimed at keeping things the same and not trying for a larger market share and avoiding competitor confrontation.

Suspension in the progression of a law suit by a court order in situations where proceedings are frivolous or a plaintiff has been involved in misconduct.

Tax provision for inheritances allowing tax to be determined by market value at time of death and not at time of original purchase.

The chance effect of an injury caused by a substance with no threshold level and the probability is in proportion to the dose but the severity is independent of it.

The term for the clause that stops the losses of the insurer at a set point.

The directives from the shipper to the transporter about a items must be stowed in order to prevent loss or damage.

Co-operative agreement between companies who work together towards a common objective.

Being able to take care of yourself in an environment that can be dangerous.

Joblessness created by changes in demand not by lack of demand.

Reference to the IRS code permitting an investment company or a real estate investment trust , REIT,to avoid a double taxation .

Accepting less knowingly than the best outcome possible to avoid adverse effects from trying harder.

Money paid to employees travelling on the company’s business to cover all travel costs, meals, lodging and other expenses associated with travel.

Area located at the edge of the urban development of a city.

The amount that needs to be paid in order to satisfy the obligation.

A statutory lien that is superior or senior to all current and future liens for the same property or asset.

Construction that is above the foundation or basement that is supported by infrastructure which is supported by substructure.

Water that is naturally open to the atmosphere, lakes estuaries, reservoirs, seas etc.

An account that is temporary used to record (1) receipts or disbursements from unconcluded transactions or (2) discrepancies between account totals until rectified.