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

SHOP CALENDAR

The calendar for a workshop or manufacturer that does not show weeknds and holidays and working days are numbered sequetially.

SHOP DRAWINGS

The detail drawings that show how a propsed material will be shaped and assembled to produce a finished product.

SHOP STEWARD

The selected or appointed officer from the union who will represent his fellow workers in management discussions.

SHOPPING

A process whereby people browse and select items to purchase.

SHORT

1. Less than a required or needed amount. 2. A short position trader.

SHORT ACCOUNT

Transactions recorded that are based on finanacial investments that are sold at the bottom price.

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.

SHORT CIRCUIT

A defect that is fpound in wiring or a circuit that causes electricity to bypass its preferred route.

SHORT COVERING

A rise, in the short term, of a trading price for a security or futures contract due the buying of short sellers out of that position.

SHORT FORM AUDIT REPORT

A standard US 2 paragraph report where the opening paragraph outlines what the auditor has completed and the following paragraph shows the findings from the audit.

SHORT FORM MERGER

A merger with a subsidairy firm that can occur without the approval of shareholders.

SHORT INTEREST RATIO

The short interest thta is then divided by a stock’s avarage daily traded volume. It shows the number of days a short seller would take to buy shares that are required to

SHORT MESSAGE SERVICE (SMS)

a feature of GSM or Global Dsytem for Mobile Communications. It lets cell phones send and receive 160 bytes or about 160 characters long alpha-numeric messages or it can broadcast clips of

SHORT RATE CANCELLATION

A cancellation type where the insured does not get refunded a proportion to the number of days that are left on a policy.

SHORT RATE PREMIUM

A premium that is associated with a policy that is issued for a short term that is less than the usual term.

SHORT RUN

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

SHORT SALE RULE

An SEC ruling that will prohibit the initiating of a short sale at lower prices than a previous sale. It is to prevent panic that is responsible for a market crash ike

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

SHORT SHIPMENT

Cargo that has not been completely loaded onto a ship or plane but is till on the bill of lading or air way bill.

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