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

STOCKTAKING

Verification of number of items in an inventory to accurately value and audit the stock.

STOLEN PROPERTY

Goods that are acquired by theft, larceny or robbery. No legal right to the goods.

STONEWALLING

The delaying tactics used to refuse to co-operate or answer questions.

STOP BUY ORDER

Stop order variation where the broker has been told to buy a security or commodity at a certain price level.

STOP GO POLICY

Short term policy that keeps a balance between 2 objectives that appear to be in contradiction with each other.

STOP LOSS

The term for the clause that stops the losses of the insurer at a set point.

STOP PRICE

The price where a stop order generates the market order and the stop limit order generates the limit order.

STOP WORK ORDER

Formal notice making a contractor stop working. If not started again contract is considered terminated.

STOPGAP

Temporary or unplanned measures used to fix a problem that is unexpected.

STOPOVER

A planned and deliberate break for a journey that is longer than 24 hours.

STORABLE

Goods that don’t lose value or degrade over a fairly lengthy period of time.

STORAGE

1. Goods and materials that are not in transit but in long term containment, holding or placement. 2. Managing warehouse’s and store houses. 3. Cost of storing.

STORE AND FORWARD

Mode of communication where the transmission is asynchronous. Data is held at the sender’s end until the recipient is ready to receive it.

STORE FRONT

The side of the store that is facing the street and has windows for displaying stock and has the store entrance.

STORES

Function associated with holding items of inventory. See store.

STORY (STOREY)

The space between two floors or between the floor and the building’s roof. Between 3.0 and 3.5metres high.

STORY STOCK

any stock associated with a news item whose price is expected to move either up or down.

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