Category: S

A large and now global company started in 1774 that is the 4th oldest house for auctions that is still operating. It sells privately, at auctions for art, real estate and other

An assessment of the likelihood that a country will default its loans made by the International ratings agency.

A term used in quality control for a cause in variation which is not part of a process but will arise from an intermittent, instabel and unoredictable factor.

A resolution that requires an important decision to alter terms of articles of association or memorandam of association. It requires no less than 21 days notice, no less than 3/4 of the

A US corporate structure where the income of the firm is passed to the stockholderss in a proportion to their investment and taxed at rates of personal income tax.

Financing that is off the balance sheet where the owner sells an asset or property to an investor and he then buys the item back over a long term mortgage. See Sale

A crystalline compound resulting from a chemical reaction between a base and an acid. An example is common salt or sodium chloride.

All obligations are filled under a lien at the acceptance of the lienor.

A cost saving incentive plan where any cost saving is shared between the firm and the workers.

An approach to collecting facts that does not rely on intuition and guess work.

Waste products that have little value that only comes from its basic content of material through recycling avenues.

An exploration on the internet of the world wide web following one link to another in order to answer a question. It has a specific objective where browsing is just looking to

The bank that issues the second letter of credit in a back-to-back letter of credit.

Another mortgage that is taken out on an a property or asset where the first motgage takes precedence over the second mortgage.

See asset allocation. A process of investment salesin one style of business in order to purchase holdings in one or more than one different types where the investor has seen the greatest

A division of a sector that is distinct but linked to or related to other elements. See segmentation.

An accomodation style where a kitchen is provided to guest to prepare their own meals.

A person who obtains their own work and where the rules of employment do not apply. They may employ other people to get work completed.

The tendency to take credit for a successful outcome but to deny any responsibility for unsuccessful ones.

The repeated exposure to a substance that may cause the development of allergic reactions in some people.