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 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.

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 SITUATION

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

SPECIAL TOOLING

Any specialised equipment that can be only be used for a specific purpose. Items like gauges, dies, molds, jigs, patterns.

SPECIAL PERSONAL PROPERTY FORM

A form that has been nearly replaced by Building and Personal Property Coverage Form and covers commercial risks for all perils.

SPECIAL CONDITIONS

The provisions in a contract that are specific to a project that is under consideration and don’t fall under any other general or supplementary conditions.

SOFTWARE RELIABILITY

The ability of a computer program has to perform its functions and operations in the systems environment without going into a failure situation.

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 MEETING

A meeting of share holders called in order to discuss a specific matter that has ben stated in the meeting notice.

SPAM

A mass mailing via the interenet where a message is sent to everyone whose email address is known of. It does not ask permission.

SOFTWARE MAINTAINABILITY

The ability a computer program has to be able to perform its intended function when in its original form and after it has been restored after failure.

REGRESSION EQUATION

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

SINGLE COUNTERPARTY

A party that can meet all of its commitments by using internal sources and is not burdened by a legal or financial obligation from the other party or parties.

SECOND PREFERRED STOCK

The stock that receives its portion of the dividend after the senior or preferred stock. Often command a higher dividend as they carry more risk.

SECOND ROUND FINANCING

Funds that are raised to further finance expansion of a firm after the start up phase is completed.

SECONDARY PRODUCT

A product that has been processed from raw materials that is not classed as the primary product produced by the company.

SOLDERING

The process of joining 2 pieces of metal together with a low melting point alloy to fill in the gap between the 2 metals.

SINGLE POINT OF CONTACT

The central office or phone number that channels any incoming calls to various people and departments.

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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.