Business — page 30 of 36

Business terms

2901. self-employment profit Self-employment income minus self-employment expenses, when self-employment income is greater than self-employment expenses.
2902. self-employment tax Similar to Social Security and Medicare taxes. The self-employment tax rate is 15.3 percent of self-employment profit.
2903. Self-regulatory organization (SRO) All securities and commodities exchanges in the United States are self-regulatory organizations (SROs), as is NASD.
2904. Sell short Selling short is a trading strategy that's designed to take advantage of an anticipated drop in a stock's market price.
2905. 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…
2906. Sell-off A sell-off is a period of intense selling of securities and commodities triggered by declining prices.
2907. Seller For purposes of the list maintenance requirement, a seller is: Any organizer, underwriter, broker, or dealer (or other similar person) who transfers any…
2908. 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"
2909. Semi-detached A building attached to a similar one on one side but unattached on the other.
2910. Senior bond Senior bonds offer slightly lower interest rates than subordinated or junior bonds because they are considered less risky.
2911. Senior Legal Counsel (SLC) A term referring to senior ethics officials in a command, organization, or agency.
2912. Senior Preferred Stock Purchase Agreement (PSPA) (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…
2913. 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…
2914. 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…
2915. 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.
2916. Series 63 The Series 63 is a licensing examination that most states require for anyone who wants to sell securities within the state.
2917. Series 7 To be licensed to sell securities to individual investors, brokers must pass the Series 7 exam, also called the General Securities Registered…
2918. Serious Delinquency A mortgage that is 90 days or more past due.
2919. Service See Services
2920. Service Charge A charge assessed by a depository institution for processing transactions and maintaining accounts.
2921. Service Credit A member’s earned service, prior service, and/or purchased service.
2922. 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.
2923. service mark Not every business opportunity must be registered with the Department of Banking under the Connecticut Business Opportunity Investment Act.
2924. 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…
2925. Servicer A business, often a bank or mortgage company, that accepts and records mortgage payments from borrowers, negotiates workout plans and supervises the…
2926. Services Products that cannot be stored and are consumed at the place and time of their purchase. Related terms: Durable goods, Nondurable goods, Structures.
2927. Services Corps of Retired Executives (SCORE) Retired successful business persons who volunteer to render assistance in counseling and guiding struggling independent businesses.
2928. Servicing The tasks a lender performs to protect the mortgage investment, including the collection of mortgage payments, escrow administration, and delinquency…
2929. Servicing transfer when one servicer is replaced by another.
2930. Set-up fee A fee that may be charged when you open a new credit card account.
2931. Setback The distance between a property line and the area where building can take place.
2932. Settlement After negotiating, the amount you agree to accept from the insurance company as full payment for your loss.
2933. Settlement (or Closing) Costs Fees paid at a loan closing. May include application fees; title examination, abstract of title, title insurance, and property survey fees; fees for…
2934. Settlement agent In some states, a settlement agent, or closing agent, handles the real estate transaction when you buy or sell a home.
2935. settlement costs See: closing costs.
2936. Settlement date The date on which a securities buyer must pay for a purchase or a seller must deliver the securities sold.
2937. Settlement Option One 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.
2938. Settlement Statement A document that lists all closing costs on a real estate purchase or refinance transaction.
2939. Sewer Back-up and Sump Pump Overflow Coverage Coverage available for an additional premium to your homeowners insurance policy that pays for damage caused by sump pump failure or sewer back-up.
2940. SF 278 Filer Person 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…
2941. SF 278 of Record The official version of the filer's SF 278 report that is complete and subject to release upon proper request.
2942. Shaft The vertical segment of a column or pilaster between the base and the capital.
2943. share Share means the basic unit of capital of a Connecticut credit union. Members may receive dividends based on the number of shares held.
2944. Share Account Credit unions call savings accounts share accounts because at a credit union you are a part owner of the credit union.
2945. Share Certificate A 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…
2946. Share class Some stocks and certain mutual funds subdivide their shares into classes or groups to designate their special characteristics.
2947. Share Draft Account Credit unions call checking accounts share draft accounts. Share draft accounts are a transaction accounts.
2948. Shared equity mortgage A 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.
2949. Shareholder If 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…
2950. shares A document signifying part ownership in a company. The terms "share" and "stock" are often used interchangeable.
2951. Sharpe ratio Using the Sharpe ratio is one way to compare the relationship of risk and reward in following different investment strategies, such as emphasizing growth…
2952. Shed Dormer A dormer window covered by a single roof slope without a gable.
2953. Shingle A unit composed of wood, cement, asphalt compound, slate, tile or the like, employed in an overlapping series to cover roofs and walls.
2954. Short interest Short 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…
2955. Short position If 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.
2956. Short rate cancellation Cancellation by the insured of an insurance policy for which the returned unearned premium is diminished by administration costs incurred when the…
2957. Short Sale when 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…
2958. short sales The 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…
2959. Short-term placement Short-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…
2960. Shouldered Arch An arch composed of a square-headed lintel supported at each end by a concave corbel.
2961. Shutter Dogs The metal attachments which hold shutters in an open position against the face of a building.
2962. SIC See Standard Industrial Classification (SIC)
2963. Sidelight A vertically framed area of fixed glass, often subdivided into panes, flanking a door.
2964. Sight line drawing A drawing representing an uninterrupted view from eye level
2965. Sign A fixture or area containing lettering or logos used to advertise a store, goods, or services.
2966. Sign band The flat, horizontal area on the facade usually located immediately above the storefront and below the second story window sill where signs were…
2967. Signage Any lettering or logos in general, used to advertise a store, goods, or services.
2968. Signature Card A card signed by each depositor and customer of a bank which may be used as a means of identification.
2969. Signature Date The date that a filer or reviewer digitally or electronically signed (eSigned) the financial disclosure report.
2970. Significant Feature An exterior architectural component of a building that contributes to its special historic, cultural, and/or aesthetic character, or in the case of an…
2971. Significant landscape improvement Any landscape improvement which is a character-defining element in its historic district, contributing to the special aesthetic and historic character for…
2972. Sill 1.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…
2973. Similarly employed Similarly employed means having substancially comparable jobs in the occupational classification in the area of intended employment.
2974. SIMPLE A 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…
2975. Simple interest If 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…
2976. Simplified employee pension plan (SEP) An SEP is a qualified retirement plan set up as an individual retirement annuity (IRA) in an employee's name.
2977. sin tax A tax on goods such as tobacco and alcohol.
2978. single filing status If 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…
2979. Single interest insurance Insurance coverage for only one of the parties having an insurable interest in that property.
2980. Single-family house A type of residential structure designed to include one housing unit. Adjacent units may share walls and other structural components, but each unit has…
2981. Single-Family Properties One- to four-unit properties including detached homes, townhouses, condominiums, and cooperatives, and manufactured homes attached to a permanent…
2982. Single-Family Residence A residential single family dwelling. Incidental office, professional, private school, or studio occupancies, including a small service operation, are…
2983. Single-Sum Distribution Non-periodic distribution from a qualified retirement plan received before an annuity start date. TERI payouts are considered single-sum distributions.
2984. Sinking fund To 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…
2985. SITC See Standard International Trade Classification (SITC)
2986. Site Plan A drawing of the footprint of the subject building and immediate adjacent buildings indicating the location of the proposed work.
2987. Skirt A bottom finishing piece of fabric that hangs from the lower edge of an awning.
2988. Slow market A 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…
2989. Small Business Administration (SBA) A federal agency authorized to make loans to small businesses, including loans for land purchase and construction.
2990. small cap fund A small Cap Fund is a mutual fund that holds the stocks of small capitalized companies as opposed to large "blue chip" companies.
2991. small corporate offering registration (scor) (see registration by qualification) The Small Corporate Offering Registration ("SCOR") is designed for United States based corporations that offer securities in reliance on the exemption…
2992. small loan company A 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…
2993. 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…
2994. Small-capitalization stock Shares of relatively small publicly traded corporations with a total market capitalization of less than $2.
2995. Smishing A 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…
2996. Snap-shot Snap-shot method of determining dependency permits an employer to calculate dependency based upon full-time employees, without consideration for part-time…
2997. Social Security Social Security is a federal government program designed to provide income for qualifying retired people, their dependents, and disabled people who meet…
2998. Social Security Tax Provides benefits for retired workers and their dependents as well as for the disabled and their dependents.
2999. Socially responsible fund When socially responsible mutual funds, also known as green funds or conscience funds, select securities to meet their investment goals, the securities…
3000. Soffit 1. The exposed underside of any architectural element, especially a roof. 2. The underside of a structural component such as a beam, arch, or recessed…