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

SPECIAL NEEDS TRUST

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

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 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.

SPECIAL ASSESSMENT

A tax that is levied on properties in an area to provide for infrastructure such as street lighting and footpaths.

REGRESSION EQUATION

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

REGRESSION ANALYSIS (RA)

Statistical approach to forecasting conversion in a dependent variable based on change in one or more independent variables. Also known also as curve fitting or line fitting.

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

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 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 SITUATION

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

SPECIAL REPORT

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

SOLIDS CONTENT

The proportion of non-volatile material that is found in adhesive, ink, paint and other suspension fluids.

SPECIAL AGENT

See general agent also. The agent who acts only for a principal and only for a particular purpose.

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 ENDORSEMENT

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

SOLID STATE DEVICE

An electronic device such as a memory chip that is made from solid state circuits.

SOLUBILITY

The amount of a substance, solute, that can be dissolved in a set volume of liquid, solvent. Expressed as moles per 100gms.

SHELF TALKER

A card or sign that brings products to the attention of the customer. Also known as a shelf screamer.

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