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

SHARI’A

The legal system used by the Islamic people that is based on principles in the Koran and other literature.

SHARK REPELLANT

The measures that are taken by a company to make it less attractive to hostile bids for take over.

SHARK WATCHER

A specialist monitoring the financial markets for an early sighns of a hostile tak over attempt.

SHARP PRACTICE

A behaviour that is barely less than fraud. It can be a cunningness, misrepresentation or a trick.

SHARPE RATIO

a way of measuring an investments performance.It is calculated by dividing excess return by the amount of risk needed to generate the return.

SHEAR FORCE

The strain that is produced when an objects layers are being subjected to forces in opposition to each other.

SHEET

A solid material that is sold in flat sheets of different sizes and not in rolls or coils.

SHELF COMPANY

A company ready-made that fulfills all of the requirements for a legal registration. It can be sold on an dboight by any body.

SHELF LIFE

1. Time where goods are still effective and have not deteriorated. See storage life and expiration date. 2. The time an item is expected to stay in inventory counts. 3. Time in

SHELF TALKER

A card or sign that brings products to the attention of the customer. Also known as a shelf screamer.

SHELF VELOCITY

The number in days or hours that a product or item will remain on the shelf of a supermarket.

SHELL

A part or a layer that is part of a computer operating syste. Seving as the user interface. See kernel.

SHELL COMPANY

A firm that does not trade formed to raise funds , attempt the take over, go public or as the front for an illegal venture. See shelf company.

SHERMAN ACT

Federal legislation in the US from 1890 that prohibits creating monopolies by the outlawing of indirect and direct attempts that will interfere with the competitive and free nature of the distribution and

SHEWART CYCLE

4 step process of quality control. 1. Plan, 2. Do, 3. Check, 4. Act. Named after Dr Walter Shewart, mathematician who proposed this idea.

SHIELDED TWISTED PAIR (STP)

Conducts any ambient noise to the ground and allows for clear transmissions of a high quality. Used where cables pass near motors, TVs, transformers.

SHIKOMU

A term in Japan where employees are aware, through training, of an organisations norms, culture , principles, objectives, traditions, methods of operation and its value system.

SHIPMENT

The cargo that is transported under a single air way bill or bill of lading. Also known as a consignment.

SHIPMENT CONTRACT

A contract for sale where the seller takes the risk of loss until the goods arrive at its destination. See destination contract.

SHIPPED ON BOARD BILL OF LADING (B/L)

A B/L certifying that the goods have been received in good order and in a good condition from the shipper and have been put aboard the right vessel on the right date.

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