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

STORYBOARD

Blueprint depicting sequence of scenes of a commercial for TV with sketches text and pictures.

STOWAGE INSTRUCTIONS

The directives from the shipper to the transporter about a items must be stowed in order to prevent loss or damage.

STOWPLAN

The plan diagram showing where cargo is located on a vessel. Also known as the stowage plan.

STRAIGHT BILL OF LADING (B/L)

Not negotiable bill as goods are paid or don’t need payment such as a donation. Identification needed on delivery. Also known as consignment bill of lading.

STRAIGHT COMMISSION PLAN

Method of compensating a sales person where no salary is paid only a percentage of sales. See straight salary plan.

STRAIGHT DEBT

A debt that cannot be changed into finance of a different form.

STRAIGHT DISCOUNT

The calculation of the present value of any future cash flows without any compounding.

STRAIGHT LIFE POLICY

The premiums of the policy last the duration of the insured’s life to 100 years. Also called Continues premium whole life policy.

STRAIGHT LINE DEPRECIATION

Method of calculating depreciation where the cost of the capital reduces by equal amounts for each period of accounting during an assets estimated life.

STRAIGHT SALARY PLAN

Method of compensating a sales person where only a salary is paid with no commissions on sales.

STRAIGHT TIME

Term in cost accounting for the number of hours worked in a day without overtime. See standard time.

STRAIN

1. General. A body, individual or system with large demands place on its resources. 2. Engineering. Measure of how much a body will deform when under stress.

STRANDED ASSET

Valued instrument of the stock market that is not performing well but needs to be shown on financial statements.

STRAPHANGER

A user of public transport who hangs onto straps provided to steady themselves during the journey.

STRATEGIC

Decisions designed to create favorable impact on key factors to create a desired outcome. See tactical.

STRATEGIC ALLIANCE

Co-operative agreement between companies who work together towards a common objective.

STRATEGIC ANALYSIS

Process for developing a strategy by research into the business and its environment.

STRATEGIC BALANCE

State combining long and short term objectives and factors in order to gain equilibrium.

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.