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.

SOLID STATE CIRCUIT

An integrated circuit that is composed of a single solid piece of material that is usually silicon crystal where electonic components and the path that connects them are printed or etched.

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.

SOROPTOMY

The opposite of monopoly where a customer is served by a large number of suppliers without the prospect of getting any more.

SOCIAL ENTREPRENEUR

A person working in ideas and innovations to improve the life of others and society.

SHORT TERM GAIN

Short term profit made from assets that have been held for 1 year or less.

SHRINKAGE FACTOR

1. A percentage in short fall of a planned output amount. 2. a percent of inventory lost due to errors, theft and spoilage or waste.

Topic Archives:

Disclaimer

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.