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

Category: S

SHOCKWAVE

A popular format on the internet for presenting and sharing audio and video data. Files are read by Shockwave Player. Free distribution by Macromedia, the developers.

SHORT MESSAGE SERVICE (SMS)

a feature of GSM or Global Dsytem for Mobile Communications. It lets cell phones send and receive 160 bytes or about 160 characters long alpha-numeric messages or it can broadcast clips of

SHORT TERM GAIN

Short term profit made from assets that have been held for 1 year or less.

SHOW CAUSE ORDER

A court order requiring a party to appear before a court and to explain to the court why a certain action shouldn’t be taken against them.

SIDING

A short rail road track that connects a wharehouse or a factory to the main line by pulling a switch.

SISTERSHIP EXCLUSION

An exclusion method that will prevent the coverage of products that have been withdrawn from the market place.

SKEWNESS

The degree to which a statistical distribution is out of balance around a mean level. The balnce is biased to one side with either a negative or positive skew.

SKUNKWORKS

A program of product development that occurs away froma company normal location in order to keep it secret or to speed p the processes.

SLOWDOWN STRIKE

An industrial action wherfe employees slow down their working practices and reduce output but do not go on stike.

SMOKE DAMAGE

Any damage that is caused by the smoke that is produced from a fire.

SOCIAL COMPLIANCE

The way a company looks after the health and safety of employees and its accountability for safe practices. See SA8000.

SOCIAL MARKETING

1. Using marketing concepts from the commercial sector to encourage people to do things for their own betterment such as give up smoking, alcohol, gambling. 2. Using marketing to promote services and

SOCIAL WELFARE

Factors like environmental quality, crime levels, drug abuse levels and the availability of services essential for life.

SOFT MONEY

Money that does not go towards the construction of an entity but is used for legal fees, fees for engineering and design.

SOFTWARE TESTER

A technician who runs tests on software programs and other applications before they reach market to be sure of quality and function.

SOLUTION

1.A complex or simple answer to a problem. 2. A liquid that contains more than one substance such as a liquid and a solid dissolved in it or 2 liquids mixed together.

SOURCE SELECTION

The formal process used to procure goods and services comprising an invitation to bid, evaluation of responses, short listing suitable responses and awarding a contract.

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