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

Category: S

SIZE

Assets or securities that are offered in a large quantity or a change in an assets position.

SPREAD

A strategy whereby several financial factors combine to expose or protect the price of a commodity. Refer to bull spread, bear spread, effective spread, quoted spread, and realized spread.

STANDSTILL AGREEMENT

A contract where additional shares of a target will not be purchased by a raider or acquiring firm until a mutual agreement can be accomplished.

SWINGLINE

Short term back up credit given to a borrower as needed. They are used when commercial paper issuers when investors won’t roll over maturing paper. AKA backup line.

SECOND DELIVERANCE

In practice. A writ allowed a plaintiff in replevin, where thedefendant has obtained judgment for return of the goods, by default on nonsuit, inorder to have the same distress again delivered to

SEVERAL DEMISES

In English practice. In the action of ejectment, it was formerly customary, in case there were any doubt as to thelegal estate being in the plaintiff, to insert in the declaration several

SINGLE DEMISE

A declaration in ejectment might containeither one demise or several. When it contained only one, it was called a “declarationwith a single demise.”

SPECIAL DILIGENCE

The measure of diligence and skill exercised by a good business manin his particular specialty, which must be commensurate with the duty to be performedand the individual circumstances of the case; not

SECOND DISTRESS

A supplementary distress for rent in arrear, allowed by law in some cases, where thegoods seized under the first distress are not of sufficient value to satisfy the claim.

STATUTE OF DISTRIBUTIONS

A law prescribing the manner of the distribution of the estateof an intestate among his heirs or relatives. Such statutes exist in all the states.

SCRIP DIVIDEND

One paid in scrip, or in certificates of the ownership of a corresponding amount of capital stock of thecompanv thereafter to be issued. Bailey v. Railroad Co., 22 Wall. 604, 22 L.

SECONDARY EASEMENT

One which is appurtenant to the primary or actual easement; every easement includes such “secondary easements,” that is. the right to do such things as are necessary for the full enjoyment of

SPECIAL ELECTION

An election for a particular emergency; out of the regularcourse; as one held to fill a vacancy arising by death of the incumbent of the office.Electiones fiant rite et libere sine in-

SHAM DEFENSE

A false or fictitious defense, interposed in bad faith, and manifestly untrue, insufficient, or irrelevant on its face.

SPENDTHRIFT

A person who by excessive drinking, gaming, idleness, or de- bauchery of any kind shall so spend, waste, or lessen his estate as to expose himself or his family to want or

SPONSIO

Lat In the civil law. An engagement or undertaking; particularly such as was made in the form of an answer to a formal interrogatory by the other party. Calvin. An engagement to

SS

An abbreviation used in that part of a record, pleading, or affidavit, called the “statement of the venue.” Commonly translated or read, “to-wit,” and supposed to be a contraction of “scilicet.” Also

STAPLE

In English law. A mart or market. A place where the buying and selling of wool, lead, leather, and other articles were put under certain terms. 2 Reeve, Eng. Law, 393. In

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