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

SPECIAL REPORT

An auditor certified document that measures how a company or business has complied with GAAP.

SPECIAL RESOLUTION

A resolution that requires an important decision to alter terms of articles of association or memorandam of association. It requires no less than 21 days notice, no less than 3/4 of the

SPECIAL MEAL

A term used in the travel industry for an alternative meal ordered in advance by passengers. It may be for a child, vegetarian , low salt for example.

REGRESSION EQUATION

An equation in math used to determine various predictions about a specific variable as it relates to other variables.

SPECIAL SITUATION

A situation that arises that will require a company to sell of some of its shares.

SPECIAL PURPOSE CORPORATION (SPC)

A legal entitiy that is created in order to insulate an issuer of an asset based security from the originator of said asset. A special purpose vehicle.

SPECIAL DRAWING RIGHTS (SDR)

Created in 1970 by International Monetary fund to coincide with a a disfavour in the US dollar as the main world currency. It is an accounting entry.

REGRESSION TOWARDS THE MEAN

The statistical propensity of a data series to gravitate towards the center of a distribution, provided it starts on the either end of the distribution and is free to fluctuate.

SPECIAL MULTI PERIL (SMP)

A policy that eliminates the need for more than one contract by combining all of them into the same policy.

REGRESSIVE TAX

The taxation that takes place on a larger percentage of a lower income and smaller percentage of an income that is higher.

SPECIAL ENDORSEMENT

An endorsement where the endorsee is named and to whom a negotiable instrument is to be paid.

SPECIAL CAUSE

A term used in quality control for a cause in variation which is not part of a process but will arise from an intermittent, instabel and unoredictable factor.

SIGNED, SEALED, AND DELIVERED

An acknowledge that the document being referred to was executed properly by the intended body, place securely in an envelope and handed to the intended recipient.

SEASONAL INDUSTRY

An industry that is dependent on weather conditions or seasonal phenomena that has high and low cycles. Fruit picking is a good example of this.

SEARCH STATEMENT

A query presented in a manner that a search engine can interpret it and look for information on the internet.

SECONDARY PACKAGING

The packaging that encloses the primary product . The box that a packet or item is sold in.

SPECIAL NEEDS TRUST

A supplememntal fund given to a person with a disability that does not jeopardise any government support payments.

SOFT PROOF

A proof ready for printing that is shown on a computer screen and not on paper or material as a hard and finished copy.

SIMILAR TO ME ERROR

A rating that is more than fair that is given to an employee or applicant due to their professional or personal similarity to the person interviewing or evaluating them.

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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.