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

TARIFF WAR

The counter balancing of tariff rates by one country that is a retaliatory act in relation to another country to gain advantages in trade.

TASK

The essential and smallest part of a job that is a unit of work differentiating from other parts of the project.

TAX AVOIDANCE

The lawful tax liability minimization that occurs from a sound financial plan. Tax avoidance is legal but tax evasion is not.

TARIFF RATE

A rate that is derived from data in a tariff of rates such as rating tables and schedules.

TARGET START DATE

The calendar date when a goal or project is to be started. The date is initially an estimate that adjusts as the day nears for the launch of the new endeavor.

TARIFF RATE QUOTA

The import quota allowing a limited quantity of merchandise to enter a country that is to be consumed at a tariff at a reduced rate. Tariff quota.

TAX ACCOUNTING

The accounting practices that incorporate laws for taxation that is regulated by the IRS.

TARGET MARKET

The particular segment of the market that is the focus for a marketing campaign.

SURGE PROTECTOR

Device shielding electronic equipment from sudden increases in voltage caused by defective transformers, power restoration.

TARGET VALUE

The output that is aimed for from process or the results aimed for in admeasurement.

TASK SIGNIFICANCE

The extent of the importance of an identifiable piece of work to other s within and outside of the organization.

SWEEPSTAKE

Promotional scheme where prizes can be won by random chance.

SURPLUS PROPERTY

Property not being used but is held by a state government. It may be out of date of not working.

SUSTAINING ACTIVITY

An activity supporting, but contributing directly to product quality, customer value or generation of revenue but that is necessary for the continuation of the organization.

SUPERCOMPUTER

Computer for very fast data processing where the number crunching ability is measured in hundreds of millions of floating point operations or gigaflops.

STRIP FINANCING

Achieved by the sale of standard packages of securities comprising common and preferred stock, convertible bonds with debt in fixed proportions. Also known as strips and can’t be confused with STRIPS.

SURPLUS VALUE

Difference between wages and the value of goods or services produced by the worker.

SUSCEPTIBILITY

The degree where an organism or system is able to be impaired due to a weakness that is inherent in normal operations. See survivability.

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