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

SHORT TERM DISABILITY INSURANCE

A policy for disability issued toan individual or group which covers any short time period between 13 and 26 weeks. See, Short Term Disability After a Car Accident: FAQ.

SHORT TERM EXPOSURE LIMIT

The concentration of a substance in parts per million that a person or body can be exposed to in a defined period of time that is short. It us usually 5 minutes.

SHORT TERM GAIN

Short term profit made from assets that have been held for 1 year or less.

SHORT TON

A weight unit equal to 2,000 pounds or 907.18 kilos. Referred to in the Us as a ton. Other countries use short ton to differentiate from a long ton, 2,240 pounds and

SHORT WEIGHT

The weight a shipment weighs that is less than that quoted on the bill of lading or air way bill.

SHORTAGE

A situtation that has arisen where quantity of an item is less than the demand for that item.

SHORT-DEBT RATIO

A measure of how much a firm is able to pay off its operating costs in the current accounting time frame.

SHORT-TERM CAPITAL GAIN

The gain that is made on acapital asset that has only been held for a time of less than 1 year. Often taxed at a higher rate.

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.

SHOTGUN APPROACH

A strategy used in marketing where as wide an area as possible is aimed to be covered.

SHOTGUN CLAUSE

Often included when share holding is split evenly or 50/50 between 2 parties.A provision in the agreement where a party offering to buy out the other at acertain price must accept the

SHOULD-COST ESTIMATE

An approximate contract price that is developed by the customer’s engineering, accounting, procurement and costing staff.

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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.