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

SYSTEMATIC APPROACH

The approach that is methodical, repeatable and able to be learned by a step-by-step procedure.

SYSTEMIC

System wide effect of a group or system as a whole instead of individual member parts.

SYSTEMIC ERROR

Error affecting all items comprising the group in a similar manner and magnitude. They are caused by a flaw in the system and occur in the same direction and don’t cancel each

SYSTEMIC VALUE

A judgment allowing 2 possibilities that are ‘either or’ such as yes/no, right/wrong etc.

T ACCOUNT

A simplified 2 column account resembling the letter ‘T’ used to illustrate double entry bookkeeping. Has 3 elements, title, left hand columnar and a right hand column.

TABLET PC

A notebook computer that has an LCD touch screen that can also be used with a stylus. It uses digital ink technology.

TABLOID

A newspaper that is roughly half the size of a regular paper, 12×14 inches in size.

TABULAR

A term referring to anything that is derived from or having to do with tables.

TABULAR PLAN

A rating plan deriving a formula for rating from various tables.

TACACS

Terminal Access Controller Access control System. Security protocoling authenticating and identifying computer identities. Developed by Cisco Systems as an alternate to RADIUS.

TACIT COLLUSION

The circumstances of 2 companies agreeing upon a strategy that is not put in writing .

TACIT KNOWLEDGE

Unspoken, unwritten and hidden store of knowledge held by every human being that is based on experiences, emotions, intuitions, insights and observations.

TACTICAL

Pertaining or involving ends, actions or means that are short term or immediate in duration and of lees importance than strategy.

TACTICAL PLAN

Steps and tactics required to achieve goals defined in the strategic plan.

TACTICAL PLANNING

The systematic and determination of short term or immediate activities needed to achieve strategic planning objectives.

TACTICAL PRICING

A short term variation in price that is aimed at thwarting the competition or gaining entry into the market.

TACTICS

Means of carrying out a strategy that is planned to deal with a moments demands.

TAG ALONG PROVISION

Provision in an investment agreement where the stock holders have the right to liquidate part of their investment when the firm is raising more capital.

TAG-ALONG

In corporate law, the legal right ensuring all share holders can take part in a deal along with the majority shareholder.

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