Category: S

A term used in the printing industry for a block of colour that shows no halftones or shades.

Having the ability to think, understand and reason for oneself. Adults are generally considered to be of sound mind until circumstances change.

A guarantee by the government that all obligations will be satisfied when and if the primary obliger goes into default.

The provisions in a contract that are specific to a project that is under consideration and don’t fall under any other general or supplementary conditions.

A situation that arises that will require a company to sell of some of its shares.

The index that is used by the residential housing market in the US. It tracks any changes in real estate values nation wide. Indexes are tabulated monthly and released on the last

1. The business or activity of selling services and products. 2. An alternate term for the volume of sales or revenue from sales.

A group that has been craeted by an insurance company that has been charged with limiting the damage to property that is due to a fire.

A condition that implies that no more product can be introduced into the market.

A resource in limited supply but has a large demand. See factors of production and economic goods.

A fact that has been acquired through the scientific method. Testing is rigorous and independent, needs peer review and subsequent publication, needs a measurement of potential or actual error and must gain

The area on a hard disc that is required for image editing programs to place files in too large for the RAM. Files are stored here only temporarily.

An industry that is dependent on weather conditions or seasonal phenomena that has high and low cycles. Fruit picking is a good example of this.

Funds that are raised to further finance expansion of a firm after the start up phase is completed.

The sector of an industrial economy that is dominated by manufacture of finished products and not parts for products.

An open industry standard developed by Visa and Mastercard to secire online commerce transactions. When using SET the buyers details are encoded and then sent to Visa and Mastercard to be uncoded

1. Business. Subdivision of a corporation into departments. Economic regions of activity and geographic regions. 2. Finance. The division of an assets pool into segments that show similar characteristics. 3. Marketing.Population subdivision

The taxable earned from being self employed. A person who acts as a sole contractor that files form 1065.

Called auto financing. A project or firm that is able to generate its own growth capital from its income. It does not rely on outside sources for income.

A period of time, normally 30 days, a seller gives the buyer to pay for goods and services that are provided on credit.