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

Category: S

SHELF COMPANY

A company ready-made that fulfills all of the requirements for a legal registration. It can be sold on an dboight by any body.

SHIPPING CONTAINER

A standard sized container that is resealable and lockable that is used with standard equipment for handling freight. 2 stabdard sizes in 20 foot and 40 foot.

SHOGUN BOND

A bond that is issued in Japan by a firm that is not Japanese in a currency that is not Yen.

SHORT RATE PREMIUM

A premium that is associated with a policy that is issued for a short term that is less than the usual term.

SHOW STOPPER

an event, condition, activity or a problem that will bring to a halt another program, activity or process.

SIGNAL

1. General. An electronic, acoustic or visual means that is used in transmitting an piece of information.2. Telecommunications. Energy that is applied to a circuit that makes it perform an action.

SINGLE POINT OF CONTACT

The central office or phone number that channels any incoming calls to various people and departments.

SITE

1. General. The spatial location of a facility, building or structure.2. Internet. The “place” in cyberspace that is the location of a web site.3. Law. A domicile, location or controlling jurisdiction of

SKILL BENCHMARKING

A process used to identify the levels of competency that are needed to complete a particular job or project.

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.

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