Superfund Job Training Initiative (SUPERJTI)The Superfund Job Training Initiative's (SuperJTI) mission is to provide or support job training opportunities for economically disadvantaged citizens…
Supervised LenderA person authorized to make or take assignments of most consumer loans and residential mortgages, either under a license issued by the Administrator…
Supervised LoansConsumer loans, including loans made with open-end credit, in which the finance charge is greater than 12.
Supplements to wages and salariesConsists of employer contributions for employee pension and insurance funds and employer contributions for government social insurance.
supportFor dependency test purposes, support includes food, clothing, shelter, education, medical and dental care, recreation, and transportation.
SurchargeAn extra charge applied to the premium by an insurance company, usually applied as a result of at-fault accidents or moving violations.
Surplus linesCoverage from out-of-state companies not licensed in Texas but legally eligible to sell insurance on a "surplus lines" basis.
Surrender feeA surrender fee is the penalty you owe if you withdraw money from an annuity or mutual fund within a certain time period after purchase.
SurveyA precise measurement of a property by a licensed surveyor, showing legal boundaries of a property and the dimensions and location of improvements.
Survivorship lifeSurvivorship life insurance, also known as a second-to-die policy, is permanent insurance that covers the lives of two people and pays the death benefit…
Suspended tradingSuspended trading means that an exchange has temporarily stopped trading in a particular stock or other security.
SuspensionThe temporary disqualification of a firm or individual from contracting with the government or participating in government programs, pending the outcome…
SwagA carved ornament in the form of a draped cloth or a festoon of fruit or flowers.
SwapWhen you swap or exchange securities, you sell one security and buy a comparable one almost simultaneously.
Sweat EquityA borrower's contribution to the down payment for the purchase of a property in the form of labor or services rather than cash.
Sweep accountA brokerage firm or bank may automatically transfer - or sweep - a client's uninvested or surplus funds into a designated account.
SyndicateWhen a group of investment banks works together to underwrite and distribute a new security issue, they are acting as a syndicate.
Syntactical EditsThe loan applications will not be loaded to the FFIEC database. If they should be included on the FFIEC database, the data must be corrected.
Synthetic investmentA synthetic investment simulates the return of an actual investment, but the return is actually created by using a combination of financial instruments…
Systematic riskSystematic risk, also called market risk, is risk that's characteristic of an entire market, a specific asset class, or a portfolio invested in that asset…
Systematic withdrawalSystematic withdrawal is a method of receiving income in regular installments from your mutual fund accounts, retirement plans, or annuity contracts.
systematic withdrawal plansA withdrawal feature offered by companies whereby unit holders can receive regular payment from their investments.