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

SURGE

Sudden increase in line voltage lasting more than one cycle of line frequency, 50Hz in UK and elsewhere and 60Hz in North America.

SURGE PRODUCTION

The increase of rate of output that occurs to meet a sudden increase in demand, in war time for example, by working multiple shifts and expanding the capacity of production.

SURGE PROTECTOR

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

SURGI-CENTER

The facility where outpatients receive surgical services.

SURPLUS LINES

The risk that can’t be insured by agents in its jurisdiction.

SURPLUS PROPERTY

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 It may be out of date of not working.

SURPLUS RESERVE

The amount that is appropriated out of surplus earned for future or unforeseen expenditure.

SURPLUS VALUE

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

SURVEILLANCE

Observation and collection of data to provide evidence for a purpose.

SURVIVOR PRINCIPLE

The concept where the most efficient method of production is used by a company in order to survive and compete in the long term.

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.

SUSPENDED CEILING

The ceiling that is lightweight and hung on wires or cables suspended from the structure overhead.

SUSPENSE ACCOUNT

An account that is temporary used to record (1) receipts or disbursements from unconcluded transactions or (2) discrepancies between account totals until rectified.

SUSPENSE FILE

File arranged chronologically for storing documents waiting to be acted on or associated with unconcluded transactions. Also known as tickler file.

SUSTAINABILITY

1. General. (1) Ability to substantiate a claim. (2) Ability to continue an activity in the long term. 2. Economics. Continuing growth or development without affecting the environment negatively.

SUSTAINABLE GROWTH MODEL

1. Corporate. Technique of forecasting required sales growth to gain a market share. 2. Economy. Plan of development aiming to achieve long term growth without permanent damage to the economy and environment.

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.

SWAP CURVE

The illustration graphically showing possible returns for changing/swapping maturity dates.

SWAP MATERNITY

Provision where pregnancy covers members in a group health plan but coverage is terminated at the end of the plan even if a pregnancy is still progressing.

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