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

SHORT RUN

A time during which only some variables can be changed as time is short.

SICAV

A European investment fund where investor numbers determines the amount of capital in a fund.

SHUTDOWN MAINTENANCE

Any maintenance that is performed when a machine or piece of equipment is turned off and out of service.

SICK BUILDING SYNDROME

Acute effects of discomfort or ill health that can be traced back to time spent in a certain place or building for a period of time. Usually occurs in new buildings from

SHORT-TERM TREND

Any movement in the price an asset shows over a short period of time such as hours or days. Day traders try to profit from these trands.

SIDING

A short rail road track that connects a wharehouse or a factory to the main line by pulling a switch.

SIGMA

1. The Greek symbol for sigma that represents a sum ot total operation.2. See also six sigma.

SHUTDOWN

The time when a piece of equipment, a machine or a plant is not working.

SEVERANCE PAY

The amount paid to an employee on termination of his work contract.

SHORT CALL OPTION

A call option type with different strategies. In one an investor will sell a covered call, while in the other the investor sell a naked call.

SABOTAGE

The intentional and deliberate destruction of property or the obstruction of an activity.

SALAD OIL SCANDAL

In 1963, Allied Crude Vegetable Oil committed $175 million loan fraud when it used water filled cargo as part of its inventory to fool inspectors.

SALE AND BUYBACK

Financing that is off the balance sheet where the owner sells an asset or property to an investor and he then buys the item back over a long term mortgage. See Sale

SALARY CAP

The uppermost salary or wage that is paid to an employee that is set by the government or union organisation. Also used by sporting clubs for paying all of its team members.

SHOW STOPPER

an event, condition, activity or a problem that will bring to a halt another program, activity or process.

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

SHARED APPRECIATION MORTGAGE (SAM)

A mortgage that is written at a rate that is less than the market rate that will give the lender an increased value in the property that is being mortgaged for a

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

RSVP

An abreviation of the French term ‘responde si’l vous plait’ meaning ‘please reply’.

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