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

Category: S

SUBSIDIARY ACCOUNT

An account describing activity of a business associated with a balance sheet account.

SUBSURFACE RIGHTS

Rights of the landowner to water and substances below the surface of their land. See air rights, surface rights, mineral rights.

SUM CERTAIN

The settled or fixed amount that is specified in or is ascertained from negotiable instruments as a sum payable.

SUNSET LAW

The statute governing the continuity of a program or agency.

SUPERNORMAL GOAL

The objective important for the success and survival of an organization that has more importance than individual objectives of the members.

SURVIVOR PRINCIPLE

The concept where the most efficient method of production is used by a company in order to survive and compete in the long term.

SWEETHEART AGREEMENT

A mutually beneficial private agreement of parties not necessarily in best interest of those affected without involving the workers. See sweetheart contract.

SYMBOL

Sign or word used to indicate or signify an idea, relationship or object.

SYNERGY

State where 2 or more things are working together in a productive way.

SOVEREIGN STATE

A state with full sovereignty over all of its affairs, territory and existence.

SPECIAL JOURNAL

A book containing original entries that is ditinct from a general journal that is used for recording only specific types of transactions that are repeated during the month.

SABOTAGE

The intentional and deliberate destruction of property or the obstruction of an activity.

SALES LITERATURE

Any form of literature such as brochures, booklets, charts, catalogues, manuals, MSD sheets, press clippings, price lists, techniacl data sheets, test results and satisfied customer responses.

SALVAGE VALUE

The residual value of a product when it has reached the end of its productive life but still has a value if salvaged for recycling or reselling its parts.

SAY ON PAY

A corporate law that allows shareholders a say in how much the executives should be paid.

SCENARIO

A picture that is painted verbally to depict an outcome or sequence of events that are based on assumptions and factors chosen by its creator.

SCIENTIFIC MARKETING

A method that is used in interpreting and gathering market information that involves analytical testing and statistics.

SCREENING

Evaluation of a numnber of subjects to determine which have the right characteristics or attributes you are looking for.

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