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

Category: S

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.

SHUNTO

A practice in Japan in bargaining for an annual wage where smaller firms follow patterns of wages of the larger firms.

SIGNIFICANT INFLUENCE

The influence that is exerted by one firm over another where the first firm owns between 20 and 50 % share in the other firm.

SITUATED LEARNING

An onsite, hands-on learning that is done with a mentor that makes the knowledge easier to understand and take in.

SKILLS INVENTORY

A list of the abilities, qualifications, capacities and career goals of an employee that identifies candidates that are suitable for promotions and internal recruiting.

SLEEPER EFFECT

A tilt that is in favour of a product that has been noticed long after the ads have been forgotten about and indicates a change in the behaviour of cunsumers.

SOAP

A compound soluble in water containing caustic potash or soda mixed with animal and vegetable fats to produce a substance that when wet will remove grease and oil on dirty surfaces. Detergents

SOCIAL SECURITY NUMBER (SSN)

A government assigned number for people in the US under the Social Security System. Non US citizens can apply if they are temporary workers in the USA. Each number will be unique.

SOFT CLAUSE

A provision in a L/C giving complete control to the buyer and making the beneficiary powerless.

SOFTWARE CONTRACT

The development of software by an agreement stating the responsibilities and rights of the writer and customer.

SOLID STATE

Matter that is in a crystalline form rather than a liquid or amorphous state.

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