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

Category: S

SERIAL SHIPPING CONTAINER CODE (SSCC)

An identification code of 18 characters used for mainly non-standard mix containers.it has a 2 character application identifier followed by 1 digit packaging type, country code , 6 digit manufacturer ID, 9

SERVICE FACTOR (SF)

The overload capacity that is built into a device, engine or component before it will break down.

SERVICER

The otganisation collecting interest payments and princiapl payment from the borrowers and managing the accounts on behalf of the trustee.

SEVERAL LIABILITY

Different to a joint liability where more than one person is deemed liable. A plaintiff may initiate procedings against only one party.

SHARE REPURCHASE

A company will buy its own shares in order to boost the market for them by reducing the quantity of available shares.

SHELL

A part or a layer that is part of a computer operating syste. Seving as the user interface. See kernel.

SHIPPING TARIFF

The rates for moving freight by the transporter or carrier. See tariff.

SHOPPING

A process whereby people browse and select items to purchase.

SHORT SHIPMENT

Cargo that has not been completely loaded onto a ship or plane but is till on the bill of lading or air way bill.

SHORT WEIGHT

The weight a shipment weighs that is less than that quoted on the bill of lading or air way bill.

SHRINKWRAP LICENSE

A passive contract where the buyer of software accepts the factthat when he opens the shrinkwrap he is committed to the product.

SIGNED, SEALED, AND DELIVERED

An acknowledge that the document being referred to was executed properly by the intended body, place securely in an envelope and handed to the intended recipient.

SITE PLAN

A detailed plan or blueprint that is used to develop a particular plot of land.

SLANDER OF GOODS

An intentional cast of aspersion on a person’s goods and merchandise.

SMALL CLAIMS COURT

The court where claims less than $1000 are being judged. It is a relatively cheap forum for minor disagreements and controversies.

SNAKE OIL

A mixture of exotic ingredients that promise to cure all ills that usually has no medicinal properties at all.

SOCIAL FORCE

An element in society that is capable of causing a change in cultural ideas and influence people.

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