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

SHIKOMU

A term in Japan where employees are aware, through training, of an organisations norms, culture , principles, objectives, traditions, methods of operation and its value system.

SHORT SALE RULE

An SEC ruling that will prohibit the initiating of a short sale at lower prices than a previous sale. It is to prevent panic that is responsible for a market crash ike

SHORT RATE PREMIUM

A premium that is associated with a policy that is issued for a short term that is less than the usual term.

SHORT SELLING

A profit made from an anticipated drop in commodity prices by borrowing money and selling them now, or by selling a “firm promise” and deliver it at a later date. A short

SHOP CALENDAR

The calendar for a workshop or manufacturer that does not show weeknds and holidays and working days are numbered sequetially.

SHORT SUPPLY

A situtaion that arised in a market where demand has exceeded expectations and stock that is able to be supplied.

SHORT RATE CANCELLATION

A cancellation type where the insured does not get refunded a proportion to the number of days that are left on a policy.

SHOE LEATHER COST

The costs of the time and energy of the efforts that are intended to counteract any inflation effects.

SERVICE BUREAU

A company that provides a service that can be specialised like copying, payroll processing and accounting.

SHEET

A solid material that is sold in flat sheets of different sizes and not in rolls or coils.

SCARCE GOOD

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

SANITATION

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

SCALE DRAWING

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

SHORT CIRCUIT

A defect that is fpound in wiring or a circuit that causes electricity to bypass its preferred route.

SHIPMENT CONTRACT

A contract for sale where the seller takes the risk of loss until the goods arrive at its destination. See destination contract.

SERVICE PLANS

A plan where services are the benefit that is provided and not a money amount for benefit.

SECONDARY PACKAGING

The packaging that encloses the primary product . The box that a packet or item is sold in.

ROUTING

The selection of minimum distance, cost and time from a umber of alternative options.

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