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

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.

SCENARIO

A picture that is painted verbally to depict an outcome or sequence of events that are based on assumptions and factors chosen by its creator.

SCENARIO PLANNING

A visual process used to depict future conditions, probable events and consequences and how to respond to them and what benefits might be gained from them.

SCHEDULE RATING PLAN

A Plan permitting adding or subtracting credits from commercial risk that is based on acertain features.

SCHEDULE VARIANCE

A deviation from aplanned project that is measured by comparing the budgeted cost of work done to the cost of the work already performed.

SCHEMATIC DESIGN PHASE

The phase in the product or project design that comes first in order to give a client an over view of the project.

SCHEMATICS

An early sketch or drawing showing the basic layout or representation of a concept. There are no fine details.

SCHEME

A broad outline of how an objective can be acheived. It is not a formal plan and will not show every detail.

SCHOOL OF THOUGHT

A set of ideas that are held by a group of people, also a doctrine by which to live by.

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