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

Category: S

SLAB

An ingot of metal that has been rolled flat and no wider thicker than 10 inches and around 20 feet long.

SLUSH FUND

A reserve of money held secretly by a company that has no accountability for its use.

SMOKING GUN

A piece of information or a document that bears evidence that is indisputable to back up a claim.

SOCIAL DARWINISM

A theory that is used to explain success of social groups over other social groups. Only the strongest will survive, Cahrles Darwin and Origin of Species.

SOCIAL NETWORK

The people, family and frinds that form a system that is interconnected where alliances will be formed, information swapped and strings pulled.

SOCIALIZATION

The process where people acquire knowledge, social skills, and language to be able to conform to the workings of a society.

SOFT SELLING

A philosophy used to sell goods and services by first finding the cistomers needs and wants. Differs from a hard sell using psychological pressure for a fast sale.

SOIL EROSION

The removal of the soil that is faster than the processes involved in creating soil can produce it. It results in land becoming infertile and open to attack by flooding.

SONIC BOOM

The shock waves heard and felt when an aircarft of any sort travels at the speed of sound.

SPECIAL ASSESSMENT

A tax that is levied on properties in an area to provide for infrastructure such as street lighting and footpaths.

SPECIAL PERSONAL PROPERTY FORM

A form that has been nearly replaced by Building and Personal Property Coverage Form and covers commercial risks for all perils.

SALAD OIL SCANDAL

In 1963, Allied Crude Vegetable Oil committed $175 million loan fraud when it used water filled cargo as part of its inventory to fool inspectors.

SALESPERSON

The individual who sells services and goods to another person. Their success is based on volume and sales.

SANS RECOURSE ENDORSEMENT

See blank endorsement. An endorsement that says that the endorser does not want to incur any liability if the document is not honoured. It is also called without recourse or at the

SCALEABLE FONT

A font on a computer that can chnage size from quite small to large . The change is made by the person using the computer.

SCHOOL OF THOUGHT

A set of ideas that are held by a group of people, also a doctrine by which to live by.

SCOPE OF WORK

The work that is to be carried out under a contract to complete a project, broken into deadlines and specific tasks.

SEARCH ENGINE OPTIMIZATION

A way to improve traffic to a web site by using keywords and phrases that are unique toa company or product. The SEO process will mean more people seeing your web page

SEC YIELD

A method used by US Securities and Exchange Commission for computing the return on investments. It allows a comparison of the performance of funds that has no confusion.

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