Business terms starting with S

324 terms

Split-funded annuity A split-funded annuity lets you begin receiving income from a portion of your principal immediately, while the rest of the money goes into a deferred…
Spoofing Some market analysts maintain that the increased volatility in stock markets may be the result of an illegal practice known as spoofing, or phantom bids.
Spot market Commodities and foreign currencies are traded for immediate delivery and payment on the spot market, also known as a cash market.
Spot price The spot, or cash, price is the price of commodities and foreign currencies that are being sold for immediate delivery with payment in cash.
Spread In the most general sense, a spread is the difference between two similar measures.
Stacking of UM or UIM This coverage allows you to either multiply the amount of uninsured or underinsured motorist coverage by the number of vehicles on your policy, or to…
Staff adjuster Employee of the insurance company’s claims department.
Stale-Dated Check Presented to the paying bank 180 days (6 months) or more after the original issue date.
Standard & Poor's (S&P) Standard & Poor's (S&P) is an investment services company that rates bonds, stock, commercial paper, and insurance companies.
Standard & Poor's 500 Index (S&P 500) The benchmark Standard & Poor's 500 Index, widely referred to as the S&P 500, tracks the performance of 500 widely held large-cap US stocks in the…
Standard & Poor's Depositary Receipt (SPDR) When you buy SPDRs - pronounced spiders - you're buying shares in a unit investment trust (UIT) that owns a portfolio of stocks included in Standard &…
Standard & Poor's/BARRA Growth and Value Indexes Some investors favor growth stocks while others favor value stocks. Since 1992, results of those investment styles, which tend to produce different…
Standard and Poor’s (S&P) A financial services company which is one of the best known bond rating agencies in the country.
standard deduction Reduces the income subject to tax and varies depending on filing status, age, blindness, and dependency.
Standard deviation Standard deviation is a statistical measurement of how far a variable quantity, such as the price of a stock, moves above or below its average value.
Standard Flood Insurance Policy (SFIP) Policy issued to insure a building and/or its contents.
Standard Industrial Classification See Standard Industrial Classification (SIC)
Standard Industrial Classification (SIC) A U.S. system for classifying economic activity; superceded by the North American Industry Classification System (NAICS).
Standard International Trade Classification See Standard International Trade Classification (SITC)
Standard International Trade Classification (SITC) An internationally recognized foreign trade data classification system. This system, which was developed by the United Nations, provides the commodity…
Standard payment instructions You must pay your credit card bill in a manner that meets all the following conditions: You must pay in U.S.
Startup While any new company could be considered a start-up, the description is usually applied to aggressive young companies that are actively courting private…
State State means one of the 50 States, the District of Columbia, Guam, Puerto Rico, Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands.
State Bank A bank that is organized under the laws of a State and chartered by that State to conduct the business of banking.
State Banking Department The organization in each State that supervises the operations and affairs of State banks.
State Banking Department (also State Supervisory Authority) The organization in each State that supervises the operations and affairs of State financial institutions.
State Chartered Credit Union A credit union organized under the laws of a State and chartered by that State to conduct the business of banking.
State Code A two-digit FIPS (Federal Information Processing Standards) code that identifies the state where the property is located.
State Employment Security Agency (SESA) State Employment Security Agency (SESA) means the State agency designated under section 4 of the Wagner-Peyser Act to cooperate with OWS in the operation…
State guaranty funds State guaranty funds, which are offered in every state, protect contract owners against the insolvency of an insurance company that has issued insurance…
State Optional Retirement Program A defined contribution retirement plan offered as an alternative to SCRS . The State Optional Retirement Program ( State ORP ) is available to all state…
State personal income Income that is received by, or on behalf of, persons who live in the state. It is calculated as the sum of wage and salary disbursements, supplements to…
State Workforce Agency (SWA) State Workforce Agency (SWA) means the State agency designated under section 4 of the Wagner-Peyser Act to cooperate with OWS in the operation of the…
State-of-the-Art Banking Change A physical alteration to the bank interior that the applicant has determined to be necessary to accommodate changes in technology and/or banking practice
Statement A summary of all transactions that occurred over the preceding month and could be associated with a deposit account or a credit card account.
Statistical discrepancy The difference between gross domestic product (GDP) and gross domestic income (GDI).
Statutory voting When shareholders vote for candidates nominated to serve on a company's board of directors, they usually cast their ballots using statutory voting.
Step-up in basis When you inherit assets, such as securities or property, they are stepped-up in basis.
Stile A main vertical member of a door or window
Stochastic modeling Stochastic modeling is a statistical process that uses probability and random variables to predict a range of probable investment performances.
stock A share of stock that represents ownership in the company that issues it. The price of the stock goes up and down, depending on how the company performs…
Stock certificate A stock certificate is a paper document that represents ownership in a corporation.
Stock Life Insurance Company A life insurance company owned by stockholders who share in the company's surplus earnings.
Stock market A stock market may be a physical place, sometimes known as a stock exchange, where brokers gather to buy and sell stocks and other securities.
Stock option A stock option, or equity option, is a contract that gives its buyer the right to buy or sell a specific stock at a preset price during a certain time…
Stock split When a company wants to make its shares more attractive and affordable to a greater number of investors, it may authorize a stock split to create more…
stock yield The annual dividend as a percentage of the price of the stock. For example, a stock selling at $40 a share with an annual dividend of $2 a share yields…
Stockholders' Equity The sum of proceeds from the issuance of stock and retained earnings less amounts paid to repurchase common shares.
Stoop The steps which lead to the front door; from the Dutch “stoep.”
Stop order You can issue a stop order, which instructs your broker to buy or sell a security once it trades at a certain price, called the stop price.
Stop Payment An order not to pay a check that has been issued but not yet cashed. If requested soon enough, the check will not be debited from the payer's account.
Stop Payment Fee A charge for a stop-payment order, which is a request by a customer that the institution not pay a particular check previously written by the customer.
Stop price When you give an order to buy or sell a stock or other security once it has reached a certain price, the price you name is known as the stop price.
Stop-limit order A stop-limit is a combination order that instructs your broker to buy or sell a stock once its price hits a certain target, known as the stop price, but…
Storefront The first story area of the façade that provides access or natural illumination into a space used for retail or other commercial purposes.
Storefront Bay The area of the storefront defined by and spanning the two piers.
Storefront Infill The framing, glazing, and cladding contained within a storefront opening in the facade.
Storefront Opening The area of the facade framed by the piers and lintel, which contains storefront infill
Story A habitable floor level, including a basement but not including a cellar.
Straddle A straddle is hedging strategy that involves buying or selling a put and a call option on the same underlying instrument at the same strike price and with…
Straight life A straight life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums.
Straight Life Insurance (See Whole Life Insurance.)
Strangle A strangle is hedging strategy in which you buy or sell a put and a call option on the same underlying instrument with the same expiration date but at…
Street name The term used to describe securities that are held in the name of your brokerage firm but that still belong to you.
Stretcher A masonry unit or brick laid horizontally with its length parallel to the wall.
Strike Strike means a labor dispute wherein employees engage in a concerted stoppage of work (including stoppage by reason of the expiration of a collective…
Strike price The strike price, also called the exercise price, is the price at which you as an options holder can buy or sell the stock or other financial instrument…
Stringcourse A narrow horizontal band of masonry, extending across the façade, which can be flush or projecting, and flat surfaced, molded, or richly carved.
Stripped MBS (SMBS) Securities created by "stripping" or separating the principal and interest payments from the underlying pool of mortgages into two classes of securities…
STRIPS STRIPS, an acronym for separate trading of registered interest and principal of securities, are special issues of US Treasury zero-coupon bonds.
Structured product Financial institutions create investment products, known generically as structured products, that trade on a stock exchange and link the return on an…
Structures Products that are usually constructed at the location where they will be used and that typically have long economic lives.
Stub stock When a company has a negative net worth as a result of being bought out or going bankrupt, it may convert some of the bonds it has issued into shares of…
Stucco A coating for exterior walls made from Portland cement, lime, sand, and water.
Student Loan Loans made, insured, or guaranteed under any program authorized by the Higher Education Act. Loan funds are used by the borrower for education purposes.
Sub-Prime Loan "B" Loan or "B" paper with FICO scores from 620 - 659. "C" Loan or "C" Paper with FICO scores typically from 580 to 619.
Subaccount The separate account funds to which you allocate your variable annuity premiums are sometimes called subaccounts.
Subchapter "S" Corporation A private corporation of 35 or fewer stockholders who pay personal income rather than corporate tax on net profits.
subclass Each asset class - stock, bonds, and cash equivalents, for example - is made up of a number of different groups of investments called subclasses.
Subframe A secondary frame set within a masonry opening.
Submit-for-Rate An application for flood insurance on a building for which no risk rate is published in the Flood Insurance Manual.
Submitted The term used to collectively describe those FDM disclosure report Review Statuses that are not Draft.
Submitted Date The original date the filer electronically submitted a financial disclosure report.
Subordinate To place in a rank of lesser importance or to make one claim secondary to another.
Subordinate Financing Any mortgage or other lien with lower priority than the first mortgage.
Subordinated debt Subordinated debt generally refers to debt securities that have a secondary or lesser claim to the issuer's assets than more senior debt, should the…
Subprime “Prime” and “Subprime” refers to the interest rate and terms of the loan based on the borrower’s credit history.
Subprime Mortgages A classification of mortgages with a higher perceived risk of default than prime and Alt-A loans.
Subrogation The process of recovering the amount of claims damages paid out to a policyholder from the legally liable party.
Subscription price The subscription price is the discounted price at which a current shareholder can buy additional shares of company stock before these newly available…
Subscription right If a corporation's charter has a preemptive rights clause, before the company offers a new issue of securities to the public, it must offer existing…
Subsidies The monetary grants paid by government agencies to private business or to government enterprises at another level of government.
Subsidy See Subsidies
Substitute check A substitute check is a paper copy of the front and back of the original check.
Substitute Check or Share Draft A substitute check is a paper copy of the front and back of the original check.
Sugaring A term describing the deterioration of stone caused by the breaking up or dissolving of the stone surface.
Suitability rules Self regulatory organizations (SROs), such as NASD, securities exchanges, and individual brokerage firms require that stockbrokers ensure that the…
Super penalty Super penalty is a civil money penalty (CMP) not to exceed $35,000 accompanied by debarment not to exceed three years as a result of any H-1B employer…
Superfund Amendments and Reauthorization Act (SARA) The Superfund Amendments and Reauthorization Act (SARA) amended the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) on…
Superfund Chemical Data Matrix (SCDM) The Superfund Chemical Data Matrix (SCDM) is a source for factor values and benchmark values applied when evaluating potential National Priorities List…