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

Category: S

SCRATCH DISK

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.

SEASONAL INDUSTRY

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.

SECOND ROUND FINANCING

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

SECONDARY INDUSTRY

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

SECURE ELECTRONIC TRANSACTION (SET)

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

SEGMENTATION

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

SELF EMPLOYMENT INCOME

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

SELF-FINANCING

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.

SELLING TERMS

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

SENTIMENT

A “mood” that is bullish or boorish by investors and traders that may be indicative of a market trend.

SEVERANCE OF CONTRACT

Saving the part of the contract that remains after removing parts of it. Possible where (1) the agreement contains more than one part, (2) you can comply with some clauses and parts

SHAREHOLDER AGREEMENT

The contract between a firm and the share holders which outlines how internal affairs of the firm are managed, how any disputes are resolved and what happens when a share holder is

SHERMAN ACT

Federal legislation in the US from 1890 that prohibits creating monopolies by the outlawing of indirect and direct attempts that will interfere with the competitive and free nature of the distribution and

SHIPPING TERMS

The provisions in a contract of sale that governs any costs for shipping, insurance, packaging needs and liability transfer.

SHORT ACCOUNT

Transactions recorded that are based on finanacial investments that are sold at the bottom price.

SHORT SUPPLY

A situtaion that arised in a market where demand has exceeded expectations and stock that is able to be supplied.

SHORT-DEBT RATIO

A measure of how much a firm is able to pay off its operating costs in the current accounting time frame.

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