Business terms starting with S

324 terms

S&P (Standard and Poor's) A financial services company which is one of the best known bond rating agencies in the country.
Safe (or Safety) Deposit Box A type of safe usually located in groups inside a bank vault and rented to customers for their use in storing valuable items.
Safe Drinking Water Act (SDWA) The Safe Drinking Water Act (SDWA) ensures that our tap water is fit to drink. Passed in 1974, SDWA sets national drinking water standards for public…
Safekeeping A service provided by banks where securities and valuables are protected in the vaults of the bank for customers.
salary Compensation received by an employee for services performed. A salary is a fixed sum paid for a specific period of time worked, such as weekly or monthly.
Salary reduction plan A salary reduction plan is a type of employer-sponsored retirement savings plan. Typical examples are 401(k)s, 403(b)s, 457s, and SIMPLE IRAs.
Sale Leaseback In a sale-leaseback arrangement - also known as a leaseback - an owner sells his or her property, and then immediately leases it back from the buyer as…
Sales charge In the case of mutual funds, these are commissions charged to purchasers of fund units, usually based on the purchase or redemption price.
sales finance company A sales finance company is any person or entity that engages in Connecticut in the business, in whole or in part, of acquiring retail instalment contracts…
Sales of services through foreign affiliates of multinational companies Services sold in international markets through the channel of direct investment. From the U.S.
Sales tax A sales tax is a tax imposed by state and local governments on transactions that occur within their jurisdictions.
Sallie Mae This corporation purchases student loans from various lenders, such as banks, and packages the loans as bonds or short-term or medium-term notes.
Salomon Brothers Broad Investment-Grade (BIG) Bond Index The BIG Index is a market-capitalization weighted index which includes fixed-rate Treasury, government sponsored, corporate (Baa3/BBB- or better), and…
Sarbanes-Oxley Act of 2002 Named after its main Congressional sponsors, Senator Paul Sarbanes and Representative Michael Oxley, the Sarbanes-Oxley Act of 2002 introduced new…
Sash The secondary part of a window which holds the glazing in place; may be operable or fixed; usually constructed of horizontal and vertical members; sash…
Satisfaction of Mortgage A document issued by a mortgagee (the lender) when a mortgage is paid in full.
Savings account A savings account is a deposit account in a bank or credit union that pays interest on your balance-though some institutions require that you have at…
savings and loan association Connecticut law allows the formation of a savings and loan association in either mutual or capital stock form.
Savings and loan association (S&L) An association chartered to hold savings and make real estate loans. Active in long-term financing (mortgages) rather than construction loans.
savings bank Savings banks were initially formed in the early 1800's in the northeastern United States to promote thrift among wage earners.
Savings bonds The US government issues two types of savings bonds: Series EE and Series I. You buy electronic Series EE bonds through a Treasury Direct account for face…
SBA Guaranteed Loan Guaranteed loans are made by private lenders and then guaranteed by the SBA. The SBA's share may not exceed $750,000.
SBIC (See: Investment Company)
Schedule C Employee One who holds a Federal appointment for a position that is excepted from the competitive service because of its policy-determining nature or because it…
Scheduled items Articles such as jewelry, furs, stamps, coins, guns, computers, antiques, and other items that may exceed normal policy limits in your regular homeowner…
Scissor Gate A security gate with a sideways retractable mechanism.
screen A screen is a set of criteria against which you measure stocks or other investments to find those that meet your criteria.
Scrip Scrip is a certificate or receipt that represents something of value but has no intrinsic value.
Scripophily Scripophily is the practice of collecting antique stocks, bonds, and other securities.
SDR See Special drawing rights (SDR)
Second home A residence that is not one's principal (primary) residence; for example, a vacation home. See also "primary residence."
Second Lien Modification Program (2MP) program that provides homeowners a way to modify their second mortgages to make them more affordable when their first mortgage is modified under the HAMP.
Second Mortgage a loan with a second-priority claim against a property in the event that the homeowner defaults.
Secondary displacement Secondary displacement is a prohibition against the placement of an H-1B (excluding H-1B1 or E-3) nonimmigrant with another/secondary employer where there…
Secondary employer Secondary employer is a business where an H-1B worker is sent to work by the employer who is the sponsor of the H-1B visa.
Secondary Façade A facade that does not face a public thoroughfare or mews or court and that does not possess significant architectural features.
Secondary market When investors buy and sell securities through a brokerage account, the transactions occur on what's known as the secondary market.
secondary mortgage loan A secondary mortgage loan means (A) a loan or an extension of credit, including, but not limited to, an extension of credit pursuant to a contract or an…
Secondary Mortgage Market The market for buying and selling existing mortgages; this could be in the form of whole mortgage or MBS sales.
Secondary offering The most common form of secondary offering occurs when an investor, usually a corporation, but sometimes an individual, sells a large block of stock or…
Secondary producer An industry that, in addition to producing its primary product, also produces other goods or services.
Secondary product Goods or services produced by an industry other than the primary product of that industry.
Secretary Secretary means the Secretary of Labor or the Secretary's designee.
Section Drawing A drawing representing a vertical plane cut through the structure
Sector A sector is a segment of the economy that shares distinctive characteristics, such as telecommunications or energy.
Sector fund Sector mutual funds, also called specialty or specialized funds, concentrate their investments in a single segment of an industry, such as biotechnology…
Sector Mutual Fund A mutual fund that concentrates its investments in an industry, business, single country other than the United States, or bonds of a single State within…
Secular market A secular market is one that moves in the same direction - up or down - for an extended period.
Secured bond The issuer of a bond or other debt security may guarantee, or secure, the bond by pledging, or assigning, collateral to investors.
Secured credit card A secured credit card is linked to a savings account you open with the bank or other financial institution offering the card.
Secured Loan A secured loan is a loan that's guaranteed with collateral, such as a home or car.
Securities Financial forms that shows the holder owns a share or shares of a company (stocks) or has loaned money to a company or government organization (bonds).
securities act Legislation regulating the underwriting, distribution and sale of securities.
Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is an independent federal agency that oversees and regulates the securities industry in the United States and…
Securities Investor Protection Corporation (SIPC) The Securities Investor Protection Corporation (SIPC) is a nonprofit corporation created by Congress to insure investors against losses caused by the…
Securities Lending A carefully collateralized process of loaning portfolio positions to custodians, dealers, and short sellers who must make physical delivery of positions.
Securitization Securitization is the process of pooling various types of debt - mortgages, car loans, or credit card debt, for example - and packaging that debt as…
Security The term "security" covers a broad variety of financial instruments, including stock, promissory notes, bonds, debentures, limited partnership interests…
Security gate A movable metal fixture installed in front of a storefront or inside the display window or door to protect the store from theft or vandalism when the…
Security gate housing The container that houses the rolling mechanism of a roll-down security gate.
Security gate tracks The interior or exterior tracks along the sides of the storefront (for roll-down gates) or along the top and bottom of the storefront (for scissor gates)…
Security Interest The creditor’s right to take property or a portion of property offered as security.
Segmental arch An arch that’s in the form of a segment of a semicircle
Segmental or Curved-Head Window A window with a non-rectilinear sash or frame as illustrated and defined as a special window in Appendices A and C of Chapter 3 of these rules.
Self Registration FDM allows users to register themselves to use the FDM reporting system using their CAC.
Self-amortizing loan A self-amortizing loan is one that's paid off over a specific period of time as the borrower makes regular installment payments.
Self-Amortizing Loans Loans in which periodic payments of principal and interest are scheduled over the life of the loan.
Self-amortizing mortgage One that will retire itself through regular principal and interest payments.
Self-directed retirement plan If you participate in a salary reduction retirement plan, such as a 401(k) or a 403(b), you usually must select the investments into which your…
self-employment loss Self-employment income minus self-employment expenses, when self-employment income is less than self-employment expenses.
self-employment profit Self-employment income minus self-employment expenses, when self-employment income is greater than self-employment expenses.
self-employment tax Similar to Social Security and Medicare taxes. The self-employment tax rate is 15.3 percent of self-employment profit.
Self-regulatory organization (SRO) All securities and commodities exchanges in the United States are self-regulatory organizations (SROs), as is NASD.
Sell short Selling short is a trading strategy that's designed to take advantage of an anticipated drop in a stock's market price.
Sell side Brokerage firms and other financial services companies that buy and sell investments as agents for retail investors as well as for their own accounts are…
Sell-off A sell-off is a period of intense selling of securities and commodities triggered by declining prices.
Seller For purposes of the list maintenance requirement, a seller is: Any organizer, underwriter, broker, or dealer (or other similar person) who transfers any…
Seller Take Back An agreement in which the seller of a property provides financing to the buyer for the home purchase. See also "Owner Financing"
Semi-detached A building attached to a similar one on one side but unattached on the other.
Senior bond Senior bonds offer slightly lower interest rates than subordinated or junior bonds because they are considered less risky.
Senior Legal Counsel (SLC) A term referring to senior ethics officials in a command, organization, or agency.
Senior Preferred Stock Purchase Agreement (PSPA) Entered into at the time the conservatorships were created, the PSPAs authorize the Enterprises to request and obtain funds from Treasury, which in turn…
Separate account An insurance company's separate account is established to hold the premiums you use to purchase funds included in variable annuity contracts the company…
Separate account fund Each variable annuity contract offers a number of separate account funds. Each of those funds owns a collection of individual investments chosen by a…
Series 6 The Series 6 is a licensing examination that you must pass to be entitled to sell mutual funds and variable annuities to investors.
Series 63 The Series 63 is a licensing examination that most states require for anyone who wants to sell securities within the state.
Series 7 To be licensed to sell securities to individual investors, brokers must pass the Series 7 exam, also called the General Securities Registered…
Serious Delinquency A mortgage that is 90 days or more past due.
Service See Services
Service Charge A charge assessed by a depository institution for processing transactions and maintaining accounts.
Service Credit A member’s earned service, prior service, and/or purchased service.
Service Fee Per Month The monthly fee that is charged to the account holder under the terms of the account. Also called a maintenance fee.
service mark Not every business opportunity must be registered with the Department of Banking under the Connecticut Business Opportunity Investment Act.
Servicemen’s Readjustment Act Enacted in 1944 and also known as the GI Bill, this Act offered veterans of the Second World War educational and financial benefits, including long-term…
Servicer A business, often a bank or mortgage company, that accepts and records mortgage payments from borrowers, negotiates workout plans and supervises the…
Services Products that cannot be stored and are consumed at the place and time of their purchase. Related terms: Durable goods, Nondurable goods, Structures.
Services Corps of Retired Executives (SCORE) Retired successful business persons who volunteer to render assistance in counseling and guiding struggling independent businesses.
Servicing The tasks a lender performs to protect the mortgage investment, including the collection of mortgage payments, escrow administration, and delinquency…
Servicing transfer when one servicer is replaced by another.
Set-up fee A fee that may be charged when you open a new credit card account.