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

STATE

1. Law. With a capital ‘S’. The prosecuting body of persons accused of wrong doing in that state. 2. Politics. With a lower case’s’. The area geographically within defined territorial boundaries with

STATE AGENT

A term, not commonly used to describe that agent who works in an area of one or more states.

STATE FARM

Carrier of insurance providing cover for homes, automobiles, individuals and businesses.

STATE OF THE ART

Total of technical and scientific knowledge that is currently available as applied to a product or design.

STATEMENT OF FACTS

An assentation written down including all pertinent facts for a court case. TLD Example: The memorandum of law submitted in support of the motion began with a detailed statement of facts before

STATEMENT OF OWNERS’ EQUITY

Financial statement that shows starting balance, deductions and additions, closing balance of a share holder’s equity account. Also known as Statement of shareholders equity.

STATEMENT OF RESOURCES

Financial statement showing assets owned or available to an organization for using in objective accomplishments.

STATIC

1. General. Featured by lack of activity, movement, change or progress. 2. Communications. The n Oise of electromagnetic interference disrupting or degrading quality of an analogue reception or transmission.

STATIC DECISION

A decision that is implemented and whose outcome is controlled b y the person making the decision.

STATIC QUALITY

The continuation of current practices to maintain the quality of a service or goods.

STATIONERY

1. General. Supplies for the office such as paper, envelopes. 2. Computing. Types of papers used by different printers.

STATISTICAL COST

The cost that is determined by using statistical methods on historical data.

STATUS QUO STRATEGY

A market approach aimed at keeping things the same and not trying for a larger market share and avoiding competitor confrontation.

STATUS REPORT

A report that summarizes a situation over a set period of time.

STATUS SYMBOL

Acquisition of an item for its visible sign of belonging to a group or social class.

STATUTE BARRED

The claim, agreement or right that can’t be subject of any legal action because it is too late after the date has been exceeded. See statute of limitations. See laches.

STATUTE LAW

Body of written laws that have been adopted by the legislative body.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.