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

SMALL BUSINESS

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

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.

SMALL GROUP POOLING

A process that is used by small businesses where they group together into a large pool to receive a rate that is more accurate.

SMART CARD

A card the same size as a credit card that contains a microprocessor chip, memory and a battery. It stores in formation allowing a person to access different areas and equipment. May

SMART FLUID

A suspension of zeolites or metals inj liquid that becomes a solid when an electric current is passing through it and returns to a fluid when the current stops.

SMART MONEY

The trades and investments in stocks that are made by the most sophisticated vendors who have a great understanding of financial markets and often see trends earlier than others do.

SMARTPHONE

A mobile phone with many features of a computer included in its functions.

SMELTING

The extraction of metal from ore using heat in an enlosed furnace. Impurties called slag rise to the surface. The opposite of roasting that involves an oxidation process.

SMOG

The combination of smoke and fog. It now refers to the photochemical smog trapped at ground level by inversion layers in the atmosphere.

SMOKE

The products that are produced during a combustible event such as a fire.

SMOKE DAMAGE

Any damage that is caused by the smoke that is produced from a fire.

SMOKESTACK INDUSTRY

A heavy manufacturing industry, cars, metal industries, that puts pollution into the air that is harmful to the local environment.

SMOKING GUN

A piece of information or a document that bears evidence that is indisputable to back up a claim.

SMOOTHING

The technique used in statistics that evens out small and short term irregularites in data.

SMOOTHING DEMAND

Used in marketing when demand is exceeding production ads and promotional material are withdrawn from the market until production has caught up.

SMORGASBORD

A Scandinavian term for a cold buffet. Now it is where all courses are offered at the same time, both hot and cold. Swedish – sandwich table.

SNAKE OIL

A mixture of exotic ingredients that promise to cure all ills that usually has no medicinal properties at all.

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