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

Category: S

SCANNER

A pice of hardware that can be stand alone or attached to a computer to copy documents. It converts the text or image to a digital file.

SCIENTIFIC EVIDENCE

The testing of a hypothesis or theory that is objective and in a controlled environment.

SCRAP RATE

A percentage of failed materials that cannot be restored or repaired and is discarded.

SEASONAL DISCOUNT

A discount put on goods that are out of season that may get people to pourchase them now when they are discounted. Snow equipment for sale in summer is an example.

SECOND PREFERRED STOCK

The stock that receives its portion of the dividend after the senior or preferred stock. Often command a higher dividend as they carry more risk.

SECONDARY HAZARD

Secondary disaster. An event that occurs after the occurence of an earlier event. An example would be the smoke caused by a fire.

SECURE COMMUNICATION PROTOCOL

Standards of communicationthat are used to ensure a secure transfer of data communication. Mastercard and Visa have developed the Secure Electronic Transaction protocol.

SEGMENT MARGIN

How well a department is performing when compared to thw whole operations of a company.

SELF CHECK

1. Banking. A cheque that is issued to one’s self or a cheque presented to the bank it was drawn.2. Alternative for a self test

SELF-EVALUATION

Taking a look at one’s development and progress to determine if a situation has improved and what area may need improvement.

SELL OFF

intensive selling in a market that is in decline that is spurred on by the threat of lower prices.

SENSOR

A device that can detect changes in environmental conditions or the state of another device and sends the information to another place.

SERIAL TRANSMISSION

A transmission of data in one direction with a stop and start bit following an 8 digit character.

SERVICE GOODS

Goods that have a set of common standard features and only differ in price such as radios, TVs and air conditioners.

SERVICES

A product that is not tangible but is a service such as banking, education, cleaning and transportation.

SEVERALLY

Solely, seperately, singly or exclusively. Owned by only one entity.

SHARED APPRECIATION MORTGAGE (SAM)

A mortgage that is written at a rate that is less than the market rate that will give the lender an increased value in the property that is being mortgaged for a

SHELL COMPANY

A firm that does not trade formed to raise funds , attempt the take over, go public or as the front for an illegal venture. See shelf company.

SHIPPING TARIFF SCHEDULE

A formal list of all freight charges, how they are calculated and applied. It can include an alternative tariff, clas tariff, and a commodity tariff. Also known as a shipping tariff, or

SHORT

1. Less than a required or needed amount. 2. A short position trader.

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