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

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.

SWAP RATE

In swapping currency. It is the forward rate of exchange that is expressed in terms of premiums or discounts from spot rate.

SWEAT EQUITY

1. Increased business worth created b y unpaid mental or physical work of the owner or founder. 2. Increased property value created by work of the owner to enhance looks or amenities.

SWEATSHOP

The business that takes advantages of its employees and work them under hazardous or harsh conditions paying minimum wages.

SWEEP ACCOUNT

Arrangement in banking where a cheering account balance below or above a set amount is transferred automatically from and to interest bearing accounts.

SWEEPSTAKE

Promotional scheme where prizes can be won by random chance.

SWEET CRUDE

Crude oil that has less than 1 percent of sculpture by weight.

SWEETHEART AGREEMENT

A mutually beneficial private agreement of parties not necessarily in best interest of those affected without involving the workers. See sweetheart contract.

SWIFT

Society for Worldwide Interbank Financial Telecommunications. Global network of communication giving banks 24 hour secure exchange internationally.

SWIFT CODE

Codes used by banks around the world organized by SWIFT.

SWING LOAN

A loan of a short term allowing the home owner to purchase a new home before he has sold the first home. Also known as a bridging loan or gap loan.

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