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

SKIMMING

1. An illegal practice where money is taken from receipts for cash that is for personal use.2. Fraud where the numbers from a credit card are first recorded and then transferred to

SMALL BUSINESS

The designation for a certain sized business in terms of employee number, annual turnover, value of assets for example.

SLUSH FUND

A reserve of money held secretly by a company that has no accountability for its use.

SLEEPER EFFECT

A tilt that is in favour of a product that has been noticed long after the ads have been forgotten about and indicates a change in the behaviour of cunsumers.

SMALL BUSINESS LOAN

A loan given to small businesses with fewer restrictions that allow the owner to borrow for the enterprise.

SMALL CLAIMS COURT

The court where claims less than $1000 are being judged. It is a relatively cheap forum for minor disagreements and controversies.

SLUDGE

A residue of a semi-liquid consistency from industrial processes and the traetment of sewage and waste water.

SLANDER OF GOODS

An intentional cast of aspersion on a person’s goods and merchandise.

SINGLE COUNTERPARTY

A party that can meet all of its commitments by using internal sources and is not burdened by a legal or financial obligation from the other party or parties.

SKILL BENCHMARKING

A process used to identify the levels of competency that are needed to complete a particular job or project.

SECONDARY HAZARD

Secondary disaster. An event that occurs after the occurence of an earlier event. An example would be the smoke caused by a fire.

RUSTING

The result of electro chemical corrosion to iron and steel. It requires water and oxygen and is a form of oxidation.

RUNNING YIELD

The percentage of income annually from bonds at a set price that ignores any ‘pull’ that is caused by its closeness to its date of redemption.

RURBAN AREA

A new development of land that is between an area of rural activity and the edge of suburban area that has already been developed.

SLIPPAGE

1. Commodities. The diference in a price when the broker is told to execute an order and the order actually takes place. 2. Marketing. Ratio between the number of potential customers and

SKIMMING PRICE

A high price that is aimed at the higher income groups for any status and luxury goods or for extracting a maximum return from markets for any new technology.

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

SECOND WAVE

A progressive stage in the adoption of new technology where the emphaisi has shifted from the experimental stage to a result oriented stage.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.