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

Category: S

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.

SECURE SERVER

A computer system that is designed for dedicated servers only to provide a secure online commerce transaction over a network such as the internet.

SEGMENTATION STRATEGIES

The approaches used in order to subdivide a market or population into segments with similar characteristics. Five major strategies, behaviour, benefit, demographic, geographic and psychgraphic segmentation.

SELF EXECUTING

A legal instrument enforced by a judicial process that is effective immediately without the need for any other requirements.

SELF-FULFILLING PROPHECY

An expectation about a circumstance that can be negative or positive that can affect how a person acts that causes the expectations to be fulfilled.

SEMANTICS

The study in scientific terms of words and also how meanings are applied to words.

SEPARATE ACCOUNT

The relationship where a single pension plan sponsor retains an investment manager under a stated policy for investment that is exclusive to the sponsor.

SERIALIZABILITY

A method of identifying data transactions that occur concurrently with one another but are independent of one another.

SERVICE LEASE

A lease of equipment where the lessee needs to maintain and to service the asset that is leased.

SERVICES RENDERED

The completeion of a service that has been requested by clients that has resulted in a request for paymnent.

SEVERANCE PACKAGE

The package that is offered to employees whose contract has been closed for work. Will include payment for a set period of time after which employment is terminated.

SHAREHOLDER LOAN

A process where the share holder will exchange for interest repayments.The collateral could be shares or debentures from the company.

SHEWART CYCLE

4 step process of quality control. 1. Plan, 2. Do, 3. Check, 4. Act. Named after Dr Walter Shewart, mathematician who proposed this idea.

SHIPPING TIME

The time it takes a shipped order to reach its destination. Combined with order time it is the elapsed time between the requisition and avauilability.

SHORT CALL OPTION

A call option type with different strategies. In one an investor will sell a covered call, while in the other the investor sell a naked call.

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