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

Category: S

SOURCE DETERMINATION

The process used to find the cause of a problem or an issue that has arisen. A back tracking process to locate the cause.

SPAM

A mass mailing via the interenet where a message is sent to everyone whose email address is known of. It does not ask permission.

SPECIAL LIEN

A lien that includes the right to sell a property in default after giving notice and without getting a foreclosure.

SAFE

The amount of exposure that will cause no harm or damage after exposure.

SALES ORDER

A document that is generated by the seller to authorise the sale of products or services on receipt of the customers order. It implies that there will be no further cost to

SANDWICH GENERATION

A generation of people that is “sandwiched” between an older and a younger generation. They provide care to both generations.

SCALABLE

1. A plant or facility whose performance, size or user numbers can be increased due to demand without penalties to cost and functionality. 2. A system that is designed to handle different

SCHEDULE RATING PLAN

A Plan permitting adding or subtracting credits from commercial risk that is based on acertain features.

SCIENTIFIC NOTATION

A way that has been devised to write down very small numbers and very large numbers.

SCRIPLESS

Trading where no no certifcate is issued. It uses only book entires that represent the security holding.

SECOND WORLD

In contrast to the first world of industrialised ecomnomies it indicates the former Soviet Union and East European industrial countries.

SECONDARY NEEDS

The needs that remain after primary needs such as food and water have been satisfied. They include leisure activities and entertainment.

SECURED PARTY

The lender or seller who is holding the security interest or lien that is against an asset that has been pledged. Secured parties are paid first before the unsecured ones.

SELECT

Anacronym for the 6 steps in marketing research: 1. Situation analysis,2. explicit statement of objectives 3. laying down of research startegy and method of data collection 4. Evaluation of data 5. creation

SELF MAILER

A postcard like peice of mail that does not require placement in an envelope to post.

SELF-INSURED RETENTION (SIR)

The amount the insured must pay in a liability insurance policy before the insurance comapny will pay. This is paid directly by the insured to the claimant.

SEMINAR

A formal presentation by experts where the attendees are encouraged to ask questions and discuss the matter to hand.

SEQUENTIAL INTERDEPENDENCE

The dependence a subdivision or subunit has on materials, resources, information and products that are generated by those that precede them.

SERVELET

A small program written for a computer in Java language that runs on a server and not on the browser like an applet.

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.