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

Category: S

SOCIAL DARWINISM

A theory that is used to explain success of social groups over other social groups. Only the strongest will survive, Cahrles Darwin and Origin of Species.

SOCIAL NETWORK

The people, family and frinds that form a system that is interconnected where alliances will be formed, information swapped and strings pulled.

SOCIALIZATION

The process where people acquire knowledge, social skills, and language to be able to conform to the workings of a society.

SOFT SELLING

A philosophy used to sell goods and services by first finding the cistomers needs and wants. Differs from a hard sell using psychological pressure for a fast sale.

SOIL EROSION

The removal of the soil that is faster than the processes involved in creating soil can produce it. It results in land becoming infertile and open to attack by flooding.

SONIC BOOM

The shock waves heard and felt when an aircarft of any sort travels at the speed of sound.

SPECIAL ASSESSMENT

A tax that is levied on properties in an area to provide for infrastructure such as street lighting and footpaths.

SPECIAL PERSONAL PROPERTY FORM

A form that has been nearly replaced by Building and Personal Property Coverage Form and covers commercial risks for all perils.

SALARY CAP

The uppermost salary or wage that is paid to an employee that is set by the government or union organisation. Also used by sporting clubs for paying all of its team members.

SALIENT

Something that is noticeable or obvious, easy to see and visible.

SANS RECOURSE ENDORSEMENT

See blank endorsement. An endorsement that says that the endorser does not want to incur any liability if the document is not honoured. It is also called without recourse or at the

SCALEABLE FONT

A font on a computer that can chnage size from quite small to large . The change is made by the person using the computer.

SCHOOL OF THOUGHT

A set of ideas that are held by a group of people, also a doctrine by which to live by.

SCOPE OF WORK

The work that is to be carried out under a contract to complete a project, broken into deadlines and specific tasks.

SEARCH ENGINE OPTIMIZATION

A way to improve traffic to a web site by using keywords and phrases that are unique toa company or product. The SEO process will mean more people seeing your web page

SEC YIELD

A method used by US Securities and Exchange Commission for computing the return on investments. It allows a comparison of the performance of funds that has no confusion.

SECONDARY DAMAGE

The damage that can be caused after the initial damage or failure of a device.

SECRET RESERVE

The amount that is not disclosed to anyone that is involved in buying or bidding on bonds and stocks. The only person who knows the amount is the person who is issuing

SECURITY MARKING

The clear marking of a document showing its level of security that will ensure its protection at the required level.

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