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

SUPPLY

The total amount of a goods or service that is available to be purchased at any set period of time.

SUPPLY CHAIN

The complete network of bodies that are either directly or indirectly linked or dependent in serving the same customer. It will comprise the vendors of raw materials, production company, storage warehouses, distribution

SUPPLY ELASTICITY

Correlation existing between price change of an item and the resulting need for less or more of the item based on demands of consumers.

SUPPLY SYSTEM

The methods, equipment, facilities and people employed in the timely and accurate provision of all items needed for a process, project or program.

SUPPORT COSTS

Expenses that are incurred in activities that are not associated directly with production.

SUPPORT OBLIGATION

A secondary obligation supporting performance or the satisfaction of another obligation.

SUPPORTABILITY

The degree by which characteristics of design of a support or stand by system meet the needs of operation of the organization.

SUPPORTING DATA

information attached to offers, agreements, financial statements etc. to provide a back up of the document. Also known as supporting document or supporting schedule.

SURFACE RIGHTS

Rights of a landowner to the exterior or upper section of land , water and other substances below the land. See mineral rights and subsurface rights.

SURFACE VALUE

The objective worth or meaning of a compensation, reward or action to the recipient.

SURFACE WATER

Water that is naturally open to the atmosphere, lakes estuaries, reservoirs, seas etc.

SURFACTANT

Active surface agent allowing ‘wetting’ of a soiled surface and the suspension of greasy particles in a solution.

SURFING

Exploring the World Wide Web by following links from place to another.

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.

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