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

SHIRKAH

A partnership in business that falls inder Islamic Financial law. 2 or more people join to provide capital or labour in a business through a formal contract.

SHORT-DEBT RATIO

A measure of how much a firm is able to pay off its operating costs in the current accounting time frame.

SHORT WEIGHT

The weight a shipment weighs that is less than that quoted on the bill of lading or air way bill.

SHORT STRADDLE

A strategy used in options trading where a short position is taken at the same time a s a call option and a short option on the same asset. The opposite of

SHOTGUN APPROACH

A strategy used in marketing where as wide an area as possible is aimed to be covered.

SHOTGUN CLAUSE

Often included when share holding is split evenly or 50/50 between 2 parties.A provision in the agreement where a party offering to buy out the other at acertain price must accept the

SHORT TON

A weight unit equal to 2,000 pounds or 907.18 kilos. Referred to in the Us as a ton. Other countries use short ton to differentiate from a long ton, 2,240 pounds and

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

SERVICER

The otganisation collecting interest payments and princiapl payment from the borrowers and managing the accounts on behalf of the trustee.

SANITARY LIQUID WASTE

Liquid waste that is not hazardous and not radioactive that has arisen from agricultural, domestic, commercial or industrial sources.

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

SHORT TERM DISABILITY INSURANCE

A policy for disability issued toan individual or group which covers any short time period between 13 and 26 weeks. See, Short Term Disability After a Car Accident: FAQ.

SHOE LEATHER COST

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

SEVEN TOOLS OF QUALITY

A device to understand and improve production. 1. Cause and effect diagram, 2. check sheet data record, 3. control chart, 4. Flow chart, 5. histogram graph, 6. Pareto chart based on the

SECURITY MARKING

The clear marking of a document showing its level of security that will ensure its protection at the required level.

ROUTING

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

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