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

SALAD OIL SCANDAL

In 1963, Allied Crude Vegetable Oil committed $175 million loan fraud when it used water filled cargo as part of its inventory to fool inspectors.

SALES PITCH

The term for then “canned” presentation used to promote and hopefully sell a product. There is no thought to the needs of the prospective buyer.

SALIENT

Something that is noticeable or obvious, easy to see and visible.

SALVAGE CORPS

A group that has been craeted by an insurance company that has been charged with limiting the damage to property that is due to a fire.

SANITATION

The control of factors in the environment that could be a risk to health, development and survival.

SANITIZATION

The destruction of micro-organisms that could be harmful to health. Used on clothing and hard surfaces to destroy organisms by heat or chemicals. See disinfection and sterilization.

SALESPERSON

The individual who sells services and goods to another person. Their success is based on volume and sales.

SALE-LEASEBACK

A lease that is taken out by the previous owner on a property he has just sold. Usually a longterm lease.

SALVAGE VALUE

The residual value of a product when it has reached the end of its productive life but still has a value if salvaged for recycling or reselling its parts.

SANDWICH GENERATION

A generation of people that is “sandwiched” between an older and a younger generation. They provide care to both generations.

SANS SERIF TYPE

A typeface that does not have extensions at each of the letters terminal points. It is sharp and clean and easy to read. When smaller than 10 points it becomes harder to

SACK

A unit of cement from Portland that is 94 pounds in the USA and 87.5 pounds in Canada.

SATIATION

An activities saturation level where the maximum benefit is reached.

SALVAGE PROPERTY

Property that is no longer valuable as its intended purpose but has value as scrap or as being resold.

RISK APPRAISER

A person from the insurer who screens all new applications and will approve or decline an application.

SANITARY SOLID WASTE

Solid waste that is not hazardous or radioactive that has risen from agricultural, domestic, commercial and industrial practices. Cardboard, glass, paper plastic but not dissolved solids and suspended soils.

RISK CURVE

The display on a graph of 2 variables where financial reward is plotted against financial risk. The type of risk is also indicated.

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