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

SELL OFF

intensive selling in a market that is in decline that is spurred on by the threat of lower prices.

SELLING TERMS

A period of time, normally 30 days, a seller gives the buyer to pay for goods and services that are provided on credit.

SEMANTICS

The study in scientific terms of words and also how meanings are applied to words.

SEMI VARIABLE COST

the production cost (1) remains fixed to a certain volume, thenit is variable, (2) total of which responds less to changes in activity volume, and (3) has a fixed element of cost

SEMI-ACTIVE RECORD

A record of primary value that is referred to occasionally. A record with less than one reference for each linear foot in each month.

SEMICONDUCTOR

A compound or element with crytalline properties that is put between a conductor and the insulator for its ability to conduct an electric current.

SEMINAR

A formal presentation by experts where the attendees are encouraged to ask questions and discuss the matter to hand.

SENIOR BOND

A debt that has a prior claim on an issuers assets and income than junior or lesser bonds have.

SENSITIVE MARKET

A condition of a market that is characterised by an exaggereted reaction of the price to positive and negative news influences.

SENSITIVITY

1. The degree of responsiveness and awareness to external and internal changes, demands and challenges.2. The degree an item is subject to harm and damage from environmental changes.3. The amount of change

SENSITIVITY ANALYSIS

A “What if?” analysis. A simulation where quantative computations and assumptions are changed in order to assess the effect on a final outcome.

SENSITIVITY CHART

Called a tornado diagram it is a graph that plots results of various assumptions on a final outcome in a sensitvity analysis test.

SENSITIVITY TRAINING

Part of the “human potential development movement” where it is designed so people are more aware of the group dynamics and their behaviour, role and interpersonal traits within that group.

SENSITIZATION

The attempt to make others and one’s self aware of and responsive to ideas, situations, events and phenomena.

SENSITIZER

The repeated exposure to a substance that may cause the development of allergic reactions in some people.

SENSOR

A device that can detect changes in environmental conditions or the state of another device and sends the information to another place.

SENTIMENT

A “mood” that is bullish or boorish by investors and traders that may be indicative of a market trend.

SEPARATE ACCOUNT

The relationship where a single pension plan sponsor retains an investment manager under a stated policy for investment that is exclusive to the sponsor.

SEPARATION OF POWERS

a constitutional principal limiting powers vested in an institution or person.Governmental authority is divided into 3 branches: Legislative, executive and judiciary.

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