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

Category: S

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.

SANITIZER

an anti miocrobial agent that kills or renders inactive 99.9% of all known bacteria, viruses and fungi that are present on a surface. Based on toxic chemicals. See disnfectant and sterilant.

SCALE PROBLEM

A situation in financial management where the internal rate of return (IRR) method may lead to an investor choosing a higher IRR that may give him a lower return than a project

SCHEME

A broad outline of how an objective can be acheived. It is not a formal plan and will not show every detail.

SCOPE OF BARGAINING

Issues that are included in a collective bargaining situation. Classified as mandatory, permissive or prohibited.

SEARCH ENGINE

A program for computers that uses keywords and phrases to search for documents and web pages using the keywords and phrases.

SEC FILING

A statement of financial position nmust be made with the SEC by a company that is ytrading on the public markets.

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.