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

Category: S

SUBORDINATE

An employee who is ranked below another employee in the office seniority or hierarchy.

SUBSTANCE OVER FORM

Method auditors try to use in deterring costs that are based which liabilities and assets are used instead of the way they are categorized.

SUBVENTION INCOME

Amount of revenue that a not foot profit organization needs to keep to pay operating expenses.

SUMMA CUM LAUDE

Latin-with highest honor. Given to graduates with a high academic achievement. See magna cum laude and cum laude.

SUPER MAJORITY

A majority of 75% or more of votes needed to approve decisions or changes in an organization.

SUPERTURNKEY

An all encompassing turnkey contract such as for design-build-operate (DBO) arrangement.

SURFACTANT

Active surface agent allowing ‘wetting’ of a soiled surface and the suspension of greasy particles in a solution.

SUSPENSE FILE

File arranged chronologically for storing documents waiting to be acted on or associated with unconcluded transactions. Also known as tickler file.

SWING TRADER

The investor seeking to profit from cycles of prices lasting from one day to many weeks. Compare to day trader; scalper.

SYMMETRICAL DIGITAL SUBSCRIBER LINE (SDSL)

A single line digital subscriber line, DSL, offering 2.3 Mbps of bandwidth in both directions over phone lines to a length of 10,000 feet with no repeaters. Also called High Speed digital

SALES PLATFORM

Also product platform. The selling proposition that decides the whole sales campaign for a product or group of products. The sales campaign is built on the sales platform.

SANITARY SOLID WASTE

Solid waste that is not hazardous or radioactive that has risen from agricultural, domestic, commercial and industrial practices. Cardboard, glass, paper plastic but not dissolved solids and suspended soils.

SCALAR PRINCIPLE

A classic management rule where each subordinate reports directly to his senior person and not any higher on the management chain.

SCOPE

See scope of work. All of the jobs required in order to complete a project, from the contract, employment and finishing the job.

SEA LEVEL

Known as mean sea level where the average over many years has been recorded between high tide and low tide levels.

SEAT (EXCHANGE SEAT)

A term referring to membership in a futures or stock exchange. Ownership is represented by a member having interest in the decisions governing a stocks operating profits.

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