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

Category: S

SUBSIDENCE

The land of insured property that is able to shift for a number of reasons.

SUBSURETY

Added surety with less liability than the surety that is the principal that is contingent with the non-performance of the principal or earlier one.

SUKUK

Financial certificate similar to a bond issued in Islam complying with the Sharia laws.

SUNRISE INDUSTRY

An emerging industry gaining favor with investors and is expected to push further growth economically.

SUPERMARKET

A large store selling range of household items and food to its customers.

SUPPORTABILITY

The degree by which characteristics of design of a support or stand by system meet the needs of operation of the organization.

SURPLUS VALUE

Difference between wages and the value of goods or services produced by the worker.

SWEEPSTAKE

Promotional scheme where prizes can be won by random chance.

SYCOPHANT

Person trying to get what they want or to earn respect using flattery on influential people who can help with goal achievement.

SYNDROME

A group of symptoms occurring together to indicate a certain disease or condition is present.

SYSTEMIC ERROR

Error affecting all items comprising the group in a similar manner and magnitude. They are caused by a flaw in the system and occur in the same direction and don’t cancel each

SA8000

The international work place quality standard that is based on social accountability.

SALES APTITUDE

The ability a person has to close a sale. Often determined by appearance, intelligence, personality and motivation to sell. Involves a well thought out and flexible sales approach.

SCARCITY

A situation where demand for a product or resource is more than is available.

SCIENTIFIC LAW

An independent and verified description of a link between a cause and an effect. It wil be deduced from observations and experiments and is considered to be applicable universally.

SCREEN

A strategy used when selecting stock where a company is evaluated based on a set of criteria. It can be screened by hand or with an interset based tool or using software

SECOND SOURCE

A strategy used in acquisition where there are two suppliers or producers who qualify to supply the same item.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.