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

STAG

A term from the stock market for an investor who buys shares that have been just issued and then sells them as soon as they hit the market.

STAGE

A project sub-section where tasks are performed together with scheduled outcomes.

STAGED PAYMENTS

Payments that are made in installments bot not necessarily in a regular or an equal amount.

STAGNATION

The stage of an economic cycle where less than 1% of growth or decline occurs.

STAINLESS STEEL

Metal product more resistant o staining, corrosion and rust. It is an alloy of carbon and iron.

STAKEHOLDER

Group, organization or person who has a stake that can be affected by the organizations objectives, policies and actions. See corporate governance.

STALE CHECK

One presented a long time, 6 months or more after the date of issue. Also known as a stale dated check.

STALE CLAIM

A claim that has been barred under a statute of limitations or a doctrine of laches.

STAMPED SECURITY

A security that has had a feature altered and officially stamped to show it is an official change.

STAND ALONE

1. General. A thing that can perform its intended operation without any assistance. 2. Computing. (1) Self-contained system not linked to another. (2) Individually sold software and not as part of a

STAND DOWN

The notification that the state of high preparedness is over and an alert has been called off.

STANDARD JOB

A work order containing all of the relevant information that is required for completion.

STANDARD OF CARE

Degree of care a prudent and reasonable person will exercise under the circumstances. See duty of care.

STANDARD OF FAIRNESS

The level of even handedness used in dispensing justice where claims are recognized in order of legal and contractual priority.

STANDARD OF VALUE

The type of value that is used in transactions such as book value, adjusted basis value etc.

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