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

SLACK

1. The number of days or hours that a job is ahead of the schedule. 2. Used in CPM, critical path method, it is the difference in length of the path compared

SLACK PATH

A measurement of being able to move inventory during a small period of time.

SLAG

The waste produced from processing metal ores. It floats to the surface and contains silicates, sulphates and phosphates of calcium. Called tailings.

SLANDER OF GOODS

An intentional cast of aspersion on a person’s goods and merchandise.

SLEEPER

Stock that is not popular with investors but has significant growth potential once it attracts attention. The opposite of a high flyer.

SLEEPER EFFECT

A tilt that is in favour of a product that has been noticed long after the ads have been forgotten about and indicates a change in the behaviour of cunsumers.

SLICK

A colour proof of high quality that is printed on a gloss coated paper and suits reproduction.

SLIDE ERROR

A miscalculation in accounting that is caused by the movement of a deciaml point to the right or left of its proper position.

SLIDING COMMISSION

A compensation for sales personnel where they are paid different percentages of commission at different volumes of sales.

SLIPPAGE

1. Commodities. The diference in a price when the broker is told to execute an order and the order actually takes place. 2. Marketing. Ratio between the number of potential customers and

SLOT

The small but specific time period when a commercial or ad is aired.

SLOTTING FEE

A sum paid to by the vendor to a retail chain for a place on its shelves, room in its wharehouse, puting the product on the store inventory and programming scanners to

SLOWDOWN STRIKE

An industrial action wherfe employees slow down their working practices and reduce output but do not go on stike.

SLUDGE

A residue of a semi-liquid consistency from industrial processes and the traetment of sewage and waste water.

SLUSH FUND

A reserve of money held secretly by a company that has no accountability for its use.

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.

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