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

Category: S

SPAN OF CONTROL

The number or persons that a manager has control over that varies with the type of work involved.

SPECIAL MEETING

A meeting of share holders called in order to discuss a specific matter that has ben stated in the meeting notice.

SAFETY

The freedom from injury, harm, danger or loss to personal property whether deliberate or accidental.

SALES PITCH

The term for then “canned” presentation used to promote and hopefully sell a product. There is no thought to the needs of the prospective buyer.

SANITARY LIQUID WASTE

Liquid waste that is not hazardous and not radioactive that has arisen from agricultural, domestic, commercial or industrial sources.

SCALAR CHAIN

A chain of command that is straight from the top office to the lowest position.

SCHEDULE VARIANCE

A deviation from aplanned project that is measured by comparing the budgeted cost of work done to the cost of the work already performed.

SCIENTIFIC RESEARCH

The application of the scientific method to investigate any relationships amongst natural phenomena or to solve a technical or medical problem.

SCRUBBER

A device that is used to remove particles and dust from gaseous pollutants such as smoke. It uses liquid to trap any solid matter.

SEASONED LOAN

A loan with a good record of repayment that has been on the books of the lender for more than one year.

SECONDARY

Ranked after the first term of importance. It is second behind the first.

SECURITIES

A negotiable or non-negotiable investment or financing instrument that can be sold and bought on the finnacial market. Bonds, stocks, debentures notes and options are included.

SELECTION

1. A consumers choice to select a service or product. 2. The products that a company will offer to its customers.

SELF MOTIVATION

The ability to do what has to be done without any outside influence from situations or people.

SELF-INTEREST

Too much self interest will diminish the benefits of a large group. The focus on activities and actions that are for the benefit of the individual.

SENIOR BOND

A debt that has a prior claim on an issuers assets and income than junior or lesser bonds have.

SEQUENTIAL SAMPLING

A list of transactions in an order alphabetically are measured in order to see if the income minus the expenses is equal to total profit.

SERVER

1. Hardware.The most powerful and stringest computer in anetwork housing software for servers and stores and manages data and sends to private work stations. Named after a primary function. 2. Software. Computer

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