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

SATURATED MARKET

A market with little or no chance of further sales as all prospective customers have the product or a substitute that will do the same job.

SATURATION

A condition that implies that no more product can be introduced into the market.

SAVINGS CERTIFICATE

A receipt that is issued by a savings bank, building societyor credit union that certifies the ownership of a fixed term deposit. Shows tha holders name, interest rate and amount deposited as

SAY ON PAY

A corporate law that allows shareholders a say in how much the executives should be paid.

SCAB

An employee who works when others are on strike, accepts work where is a strike is being held, works in place with no union or works under non union conditions where a

SCALABLE

1. A plant or facility whose performance, size or user numbers can be increased due to demand without penalties to cost and functionality. 2. A system that is designed to handle different

SCALAR CHAIN

A chain of command that is straight from the top office to the lowest position.

SCALAR PRINCIPLE

A classic management rule where each subordinate reports directly to his senior person and not any higher on the management chain.

SCALE DRAWING

The size of a drawing in relation to the actual size of the object drawn.

SCALE ORDER

A buyers order for his broker that allows for a client to move with the market trends.

SCALE PROBLEM

A situation in financial management where the internal rate of return (IRR) method may lead to an investor choosing a higher IRR that may give him a lower return than a project

SCALEABLE FONT

A font on a computer that can chnage size from quite small to large . The change is made by the person using the computer.

SCALPING

1. Making money through the scarcity of items.2. Trading stategy where small profits are accumulated to a larger profit. 3. The psoreading of good but wrong information to boost a demand for

SCANDALOUS STATEMENT

Abuse that is either written or spoken that is defamatory or disgraceful in content. If made in court it may be struck from proceedings.

SCANLON PLAN

A cost saving incentive plan where any cost saving is shared between the firm and the workers.

SCANNER

A pice of hardware that can be stand alone or attached to a computer to copy documents. It converts the text or image to a digital file.

SCARCE GOOD

A resource in limited supply but has a large demand. See factors of production and economic goods.

SCARCITY

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

SCATTER CHART

Scatter diagram, scatter graph, scatterplot. A 2-3 dimensional chart that shows the relationship between independent and dependent variables.

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