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

SELECTION OF RISK

A term used to refer to an insurers selection of what risks to insure. The term refers to the act of ceding poor risks in reinsurance.

SELECTIVE ADVERTISING

A strategy in promotion of a selected product to a specific market through advertsing that is consistent with the markets beliefs attitudes and expectations.

SELECTIVE DEMAND

The demand for a certain brand that happens after the initial demand in the life cycle of a product.

SELECTIVE DISTRIBUTION

Often used for designer and high end goods where a select market is chosen with a small number of select outlets to cover a geographical area.

SELECTIVE SELLING

The selling that is restricted to customers who meet a certain buying size or who reach a minimum ability to buy a product.

SELF ADMINISTERED TRUSTEE PLAN

A trustee administered retirement plan where the trustee receives contributions and invests the money, collects profitsa and pays benefits to eligible employees.

SELF CATERING

An accomodation style where a kitchen is provided to guest to prepare their own meals.

SELF CHECK

1. Banking. A cheque that is issued to one’s self or a cheque presented to the bank it was drawn.2. Alternative for a self test

SELF EMPLOYMENT INCOME

The taxable earned from being self employed. A person who acts as a sole contractor that files form 1065.

SELF EXECUTING

A legal instrument enforced by a judicial process that is effective immediately without the need for any other requirements.

SELF GENERATION

Electricity production on one’s own property with one’s own equipment that is owned by the consumer or by a third party.

SELF MAILER

A postcard like peice of mail that does not require placement in an envelope to post.

SELF MOTIVATION

The ability to do what has to be done without any outside influence from situations or people.

SELF TEST

A test that is automatic and is done by a device on itself when the power is switched on. It is to detect any malfunctions or configuration problems. The device will then

SELF-ACTUALIZATION

The motivation that a person uses to maximise one’s own possibilities and potential. Thought to be the only motive.

SELF-APPRAISAL

A process of self evaluation that determines a level of self efficacy.

SELF-ASSESSMENT

1. Management. A process where managers at all levels will evaluate the effectiveness of their own performance across all areas of responsibility to determine if improvements are needed. 2. Taxation. A regime

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