SetbackThe distance between a property line and the area where building can take place.
SettlementAfter negotiating, the amount you agree to accept from the insurance company as full payment for your loss.
Settlement (or Closing) CostsFees paid at a loan closing. May include application fees; title examination, abstract of title, title insurance, and property survey fees; fees for…
Settlement agentIn some states, a settlement agent, or closing agent, handles the real estate transaction when you buy or sell a home.
Settlement dateThe date on which a securities buyer must pay for a purchase or a seller must deliver the securities sold.
Settlement OptionOne of several ways, other than immediate payment in a lump sum, in which the insured or beneficiary may choose to have the policy proceeds paid.
Settlement StatementA document that lists all closing costs on a real estate purchase or refinance transaction.
Sewer Back-up and Sump Pump Overflow CoverageCoverage available for an additional premium to your homeowners insurance policy that pays for damage caused by sump pump failure or sewer back-up.
SF 278 FilerPerson required to file the SF-278 disclosure report under the authority of the Ethics in Government Act of 1978, as amended (and for DoD employees, the…
SF 278 of RecordThe official version of the filer's SF 278 report that is complete and subject to release upon proper request.
ShaftThe vertical segment of a column or pilaster between the base and the capital.
shareShare means the basic unit of capital of a Connecticut credit union. Members may receive dividends based on the number of shares held.
Share AccountCredit unions call savings accounts share accounts because at a credit union you are a part owner of the credit union.
Share CertificateA form of savings instrument where the member agrees to maintain the deposit in the credit union for a specific period of time in exchange for interest…
Share classSome stocks and certain mutual funds subdivide their shares into classes or groups to designate their special characteristics.
Share Draft AccountCredit unions call checking accounts share draft accounts. Share draft accounts are a transaction accounts.
Shared equity mortgageA home loan in which the lender is granted a share of the equity in the property, there by allowing the lender to participate in the proceeds from resale.
ShareholderIf you own stock in a corporation, you are a shareholder of that corporation. You're considered a majority shareholder if you alone or in combination with…
sharesA document signifying part ownership in a company. The terms "share" and "stock" are often used interchangeable.
Sharpe ratioUsing the Sharpe ratio is one way to compare the relationship of risk and reward in following different investment strategies, such as emphasizing growth…
Shed DormerA dormer window covered by a single roof slope without a gable.
ShingleA unit composed of wood, cement, asphalt compound, slate, tile or the like, employed in an overlapping series to cover roofs and walls.
Short interestShort interest is the total number of shares of a particular stock that investors have sold short in anticipation of a decline in the share price and have…
Short positionIf you sell stock short and have not yet repurchased shares to replace the ones you borrowed, you are said to have a short position in that stock.
Short rate cancellationCancellation by the insured of an insurance policy for which the returned unearned premium is diminished by administration costs incurred when the…
Short Salewhen the servicer allows the homeowner to list and sell the mortgaged property with the understanding that the net proceeds from the sale may be less than…
short salesThe sale of shares which the seller does not own. The seller is speculating that the price will fall, in the hope of later purchasing the same number of…
Short-term placementShort-term placement allows an H-1B nonimmigrant to work at any worksite(s) in an area of employment not listed on the employer's approved LCA(s) provided…
Shouldered ArchAn arch composed of a square-headed lintel supported at each end by a concave corbel.
Shutter DogsThe metal attachments which hold shutters in an open position against the face of a building.
SidelightA vertically framed area of fixed glass, often subdivided into panes, flanking a door.
Sight line drawingA drawing representing an uninterrupted view from eye level
SignA fixture or area containing lettering or logos used to advertise a store, goods, or services.
Sign bandThe flat, horizontal area on the facade usually located immediately above the storefront and below the second story window sill where signs were…
SignageAny lettering or logos in general, used to advertise a store, goods, or services.
Signature CardA card signed by each depositor and customer of a bank which may be used as a means of identification.
Signature DateThe date that a filer or reviewer digitally or electronically signed (eSigned) the financial disclosure report.
Significant FeatureAn exterior architectural component of a building that contributes to its special historic, cultural, and/or aesthetic character, or in the case of an…
Significant landscape improvementAny landscape improvement which is a character-defining element in its historic district, contributing to the special aesthetic and historic character for…
Sill1.The lower horizontal part of a window frame or window opening; also the accessory member which extends as a weather barrier from frame to outside face…
Similarly employedSimilarly employed means having substancially comparable jobs in the occupational classification in the area of intended employment.
SIMPLEA SIMPLE, also known as a SIMPLE IRA, is short for Savings Incentive Match Plans for Employees, an employer sponsored retirement savings plan that may be…
Simple interestIf you earn simple interest on money you deposit in a bank or use to purchase a certificate of deposit (CD), the interest is figured on the amount of your…
sin taxA tax on goods such as tobacco and alcohol.
single filing statusIf on the last day of the year, you are unmarried or legally separated from your spouse under a divorce or separate maintenance decree and you do not…
Single interest insuranceInsurance coverage for only one of the parties having an insurable interest in that property.
Single-family houseA type of residential structure designed to include one housing unit. Adjacent units may share walls and other structural components, but each unit has…
Single-Family PropertiesOne- to four-unit properties including detached homes, townhouses, condominiums, and cooperatives, and manufactured homes attached to a permanent…
Single-Family ResidenceA residential single family dwelling. Incidental office, professional, private school, or studio occupancies, including a small service operation, are…
Single-Sum DistributionNon-periodic distribution from a qualified retirement plan received before an annuity start date. TERI payouts are considered single-sum distributions.
Sinking fundTo ensure there's money on hand to redeem a bond or preferred stock issue, a corporation may establish a separate custodial account, called a sinking…
SITCSee Standard International Trade Classification (SITC)
Site PlanA drawing of the footprint of the subject building and immediate adjacent buildings indicating the location of the proposed work.
SkirtA bottom finishing piece of fabric that hangs from the lower edge of an awning.
Slow marketA slow market is one with sluggish trading and static prices. In this environment, it may be difficult to find buyers willing to pay the price at which…
Small Business Administration (SBA)A federal agency authorized to make loans to small businesses, including loans for land purchase and construction.
small cap fundA small Cap Fund is a mutual fund that holds the stocks of small capitalized companies as opposed to large "blue chip" companies.
small loan companyA small loan company is any person or entity that engages in the business of making loans of money or credit in the amount or to the value of five…
Small order execution system (SOES)The small order execution system automatically routes, executes, reports, and compares market and limit orders between 100 and 1,000 shares in Nasdaq…
Small-capitalization stockShares of relatively small publicly traded corporations with a total market capitalization of less than $2.
SmishingA combination of “SMS” and phishing. Smishing uses cell phone text messages or SMS (Short Message Service) to deliver a message in order to get you to…
Snap-shotSnap-shot method of determining dependency permits an employer to calculate dependency based upon full-time employees, without consideration for part-time…
Social SecuritySocial Security is a federal government program designed to provide income for qualifying retired people, their dependents, and disabled people who meet…
Social Security TaxProvides benefits for retired workers and their dependents as well as for the disabled and their dependents.
Socially responsible fundWhen socially responsible mutual funds, also known as green funds or conscience funds, select securities to meet their investment goals, the securities…
Soffit1. The exposed underside of any architectural element, especially a roof. 2. The underside of a structural component such as a beam, arch, or recessed…
Soft dollarsSoft dollars are amounts that money managers, including mutual fund managers, pay out of their clients' accounts to a brokerage firm to cover the cost of…
Soft marketA soft market, also known as a buyer's market, is one in which there is inactive trading in an individual stock or the market as a whole at current prices.
Soft Second LoanA second mortgage whose payment is forgiven or is deferred until resale of the property.
Software DeveloperDevelops software for the purposes of (1) formatting electronic tax return information according to IRS specifications, and/or (2) transmitting electronic…
Soldiers and Sailors Civil Relief ActA federal law that restricts the enforcement of civilian debts against military personnel who may not be able to pay because of active military service.
Sole proprietorA sole proprietor is the owner and operator of a business that isn't registered as either a corporation or a limited liability company.
Sole ProprietorshipA business entity privately owned by a single individual.
South Carolina Retirement System (SCRS)This is the name of the retirement system covering state employees, public school employees, public higher education personnel, and employees of other…
South Carolina Retirement SystemsThis is the name commonly used to refer to the Retirement Division of the State Budget and Control Board .
SpallingThe chipping or erosion of masonry caused by abuse or weathering
Spandrel1. A panel between the top of one window and the sill of another window on the story directly above it. 2.
Spandrel AreaThe portion of the facade below the sill of an upper story window and above the lintel of the window or display window directly below it or above the…
Special assessmentA lien assessed against real property by a public authority to pay costs of public improvements (for example, sewers, street lights) that directly benefit…
Special drawing rights (SDR)Reserve assets created by the International Monetary Fund (IMF) and periodically allocated to IMF members in proportion to their respective quotas.
Special ForbearanceA loss mitigation option where the lender arranges a revised repayment plan for the borrower that may include a temporary reduction or suspension of…
Special Government Employee (SGE)SGEs are defined at 18 U.S.C. 202(a): Generally, employees performing temporary duty for 130 days or less in any 365 day period, including Reserve and…
Special Natural Area DistrictA district designated by the New York City Planning Commission pursuant to Article X, Chapter 5 of the New York City Zoning Resolution which is mapped in…
Special situationAn undervalued stock that one or more analysts expects to increase in price in the very near future because of an anticipated - and welcome - change…
Special windows(1) those windows in which the complexity of the muntin pattern or the molding profiles is one of the characteristics of the style and age of the…
SpecialistA specialist or specialist unit is a member of a securities exchange responsible for maintaining a fair and orderly market in a specific security or…
Specialist's display bookA display book was traditionally a written chronological record of all limit, stop, and short sale orders that had been placed with a specialist for an…
specialty fundA Specialty Fund is a mutual fund that focuses its holdings in specific types or geographic areas.
Specialty occupationSpecialty occupation means an occupation that requires theoretical and practical application of a body of highly specialized knowledge, and attainment of…
Specific employment in questionSpecific employment in question means the set of duties and responsibilities performed or to be performed by the H-1B nonimmigrant at the place of…
SpeculatorWhen you make a financial commitment because you believe something will happen in the market where you're trading that will provide a profit, you are…
Spending planA spending plan can help you manage your money more effectively, live within your income limits, reduce your reliance on consumer credit, and save for the…