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

SOCIAL VALUE

A concept including social capitaland the wellbeing of citizens and their ability to make decisions that will affect them.

SOCIAL WELFARE

Factors like environmental quality, crime levels, drug abuse levels and the availability of services essential for life.

SOCIALIST

A person or in dividual who follows and lives by the principles of a Socialist ideology or dogma.

SOCIALIZATION

The process where people acquire knowledge, social skills, and language to be able to conform to the workings of a society.

SOCIALLY CONSCIOUS MUTUAL FUND

A mutual fund that has excluded investing in companies whose business practices are thought to be ethically or morally troubling.

SOCIOECONOMIC

The study of economic and social factors influencing a society’s behaviour.

SOCIONOMIC

A science of social prediction suggesting that the mood of society drives the political and financial behaviour of that society.

SOCKET

A software program that acts as a “virtual Port” by providing a link between 2 different computer prgrams on the same computer. See port.

SOFT ASSET

An asset such a human resources, brans name and knowledge that is not shown on a financial statement. A hard asset is cash, land or equipment.

SOFT CLAUSE

A provision in a L/C giving complete control to the buyer and making the beneficiary powerless.

SOFT COMMODITIES

Commodities in agriculture like coffee, sugar, tea, grains, cocoa, cotton that excludes livestock and finacial futures.

SOFT COPY

Not a hard or paper copy but the electronic copy of an item or document.

SOFT DETERGENT

An agent used for cleaning that is biodegradable and will break down into its smaller and simpler elements in a shirt period of time.

SOFT DOLLAR

1. Payment that is instead of cash and is in kind. 2. A claim, benefit, discount or interest as opposed to cash.

SOFT FONT

A font that is not stored in the printer but comes with the document to be printed from the computer.

SOFT GOODS

Goods and textiles that are made from soft goods and soft material including fur, vinyl, leather and flexible plastics.

SOFT MONEY

Money that does not go towards the construction of an entity but is used for legal fees, fees for engineering and design.

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.

SOFT SELLING

A philosophy used to sell goods and services by first finding the cistomers needs and wants. Differs from a hard sell using psychological pressure for a fast sale.

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