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

SERVICE CONTRACT

A contract for services such as time, expertise and effort instead of goods.

SENSOR

A device that can detect changes in environmental conditions or the state of another device and sends the information to another place.

SERVICE PROVIDER

1. General. A business or individual that offers paid for services. 2. Internet. A company providing internet connections to customers.

SERVICE SETTING

The total of the physical environment and the ambience where a service occurs.

SERVICE AREA

The geographical area that a healthe care plan can service that is set by a state agency.

SERVICE-GOOD MIX

Service-product mix where both goods and services are provided and the service quality is more important than the product or goods.

SERVICE-ORIENTED ARCHITECTURE (SOA)

An architectural model of business information that allows further additions to added and integrated to allow the sharing of information across the different units of business.

SERVICE MARK (SM)

A mark of identification or a brand that is associated with a service the way a trademark is associated with goods.

SERVELET

A small program written for a computer in Java language that runs on a server and not on the browser like an applet.

SECURE SYSTEM

A computer system that has protection that is provided through software and hardware that prevents against corruption of data, interception of data and any loss of data or unauthorised access.

SEMINAR

A formal presentation by experts where the attendees are encouraged to ask questions and discuss the matter to hand.

ROUND TRIPPING

The strategy where a business will sell an asset and then want it back at a time in the future.

RESUME

The presentation in a formal document or form of a person’s employment history and any skills they possess.

SERVICE FACTOR (SF)

The overload capacity that is built into a device, engine or component before it will break down.

SEPARATE ACCOUNT

The relationship where a single pension plan sponsor retains an investment manager under a stated policy for investment that is exclusive to the sponsor.

SEGMENT

A division of a sector that is distinct but linked to or related to other elements. See segmentation.

SCARCITY

A situation where demand for a product or resource is more than is available.

ROUTINE

1. Any activity performed at regular intervals.2. The repitition of a procedure that does not vary.

RETIREMENT

1. The removal of any asset after its sale. 2. Forced or voluntary withdrawal from the job market. 3. Withdrawing a document from circulation. 4. The discharge or satisfaction of an obligation.

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