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

SUBOPTIMIZATION

Situation where less than the best yield is produced due to a lack of co-ordination between different elements.

SUBOPTIMIZING

Accepting less knowingly than the best outcome possible to avoid adverse effects from trying harder.

SUBORDINATE

An employee who is ranked below another employee in the office seniority or hierarchy.

SUBORDINATION AGREEMENT

Formal document that acknowledges a party’s interest or claim is inferior to that of another party.

SUBORNATION

Persuading or inducing someone to commit criminal act or an unlawful act like perjury.

SUBPAR

A lower than standard or customary norm but not fully unacceptable.

SUBPRIME

Term that is used to describe loan or mortgage that is below prime.

SUBPRIME CRISIS

A situation that arose in 2008 and affected the mortgage industry because borrowers were approved for loaned they couldn’t afford. Many lending institutions collapsed.

SUBPRIME LENDER

Financial bodies having the inclination to lent to consumers who don’t qualify for a traditional loan.

SUBPROCESS

The number of tasks that are needed to accomplish a significant part or a stage in a process.

SUBSCRIBER CONTRACT

Contract describing benefits available to a person registered under a plan for health care.

SUBSIDENCE

The land of insured property that is able to shift for a number of reasons.

SUBSIDIARY

Enterprise that is controlled by another by owning more than 50 % of voting stock. See affiliate.

SUBSIDIARY ACCOUNT

An account describing activity of a business associated with a balance sheet account.

SUBSISTENCE AGRICULTURE

Farming system providing a life style that is self sufficient for the family of the farmer. Their is little excess if any for marketing.

SUBSISTENCE ALLOWANCE

Money paid to employees travelling on the company’s business to cover all travel costs, meals, lodging and other expenses associated with travel.

SUBSTANCE OVER FORM

Method auditors try to use in deterring costs that are based which liabilities and assets are used instead of the way they are categorized.

SUBSTANDARD RISK

Term in the insurance industry for a person with a risk below average or impaired due to a dangerous hobby, health condition, disease history or living in unhealthy areas. Also called an

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