Special Drawing Rights: An International Monetary Asset
Special Drawing Rights (SDRs) are an international monetary asset created by the International Monetary Fund (IMF) to supplement its member countries' official reserves. SDRs facilitate global trade and financial stability by providing liquidity and a supplementary reserve asset.
Special Drawing Rights (SDR): International Monetary System Asset
Special Drawing Rights (SDR) form part of a nation’s reserve assets in the international monetary system, first issued by the International Monetary Fund (IMF) in 1970 to supplement gold and convertible currencies.
Special Handling: U.S. Postal Service Designation for Sensitive Packages
Special Handling is a U.S. Postal Service designation for packages containing items that require careful handling due to their susceptible nature, such as live animals or perishable produce.
Special Master: Expert Appointee in Legal Matters
A Special Master is a person recognized for their expertise, appointed by a court to help understand and potentially resolve a complex matter.
Special Purchase: An Insight Into Retail Advertising
Understanding the term 'Special Purchase,' often used by retailers under federal controls for advertising special sales focusing on low prices.
Special Situation: Under-valued or Highly Fluctuating Stock
A comprehensive description of special situations in the stock market, involving stocks that are expected to change in value due to imminent events or exhibit high daily fluctuations due to specific news developments.
Special Warranty Deed: Limited Title Warranty
A Special Warranty Deed provides a warranty of title limited to claims arising by, through, or under the grantor, excluding defects existing before the grantor's ownership.
Special-Purpose Teams: Temporary Organizational Teams
Special-purpose teams are temporary organizational teams created to resolve specific issues, providing efficient and focused problem-solving.
Special-Use Permit: Conditional Approval for Specific Activities
A Special-Use Permit (or Conditional Use Permit) is a right granted by a local zoning authority to conduct specific activities within a zoning district that require special approval.
Specialist: Roles and Responsibilities
A comprehensive guide to understanding the concept of a Specialist, including definitions, types, historical context, examples, and its applicability in various fields.
Specialty Advertising: Innovative Advertising Medium
Specialty Advertising involves using advertising novelties such as buttons, bumper stickers, and balloons to convey marketing messages.
Specialty Retailer: Focused Merchandise Line
Specialty retailers concentrate on selling a single line of goods tailored to a particular clientele, offering a deep selection within their specialty.
Specialty Selling: Direct Retailing of Unique Items
Specialty Selling involves the direct retailing of items or services not generally carried in a retail store, such as encyclopedias and life insurance.
Specialty Shop: Specialized Retail Stores
A retail store that focuses on a narrow range of products tailored for a particular clientele, such as shops specializing in pipe tobacco, wedding gowns, lawn mowers, and bicycles.
Specific Charge-Off Method (Bad Debts): Definition and Application
The Specific Charge-Off Method for bad debts involves deducting a bad debt when a specific receivable becomes worthless, after exhausting all collection efforts. Accrual basis taxpayers must use this method for tax purposes.
Specific Lien: Charge Against a Certain Piece of Property
A specific lien is a legal claim against a particular piece of property making it a security for the payment of a debt, typically arising from unpaid taxes, mortgages, or legal judgments.
Specific Performance: Remedy for Breach of Contract
Specific performance is a legal remedy that requires a party guilty of a breach of contract to fulfill their obligations under the contract.
Specification: Detailed Instruction in Product Plans
A Specification outlines detailed instruction provided in conjunction with product plans or a purchase order, stipulating materials, construction techniques, dimensions, colors, and the qualities and characteristics of a product.
Speculation: Purchase of Property or Security for Quick Profit
Detailed explanation of speculation in financial markets, including types, examples, comparisons with gambling and investment, and historical context.
Speculative Building: An Insight into Risky Land Development
Speculative Building involves land development or construction without formal commitment from end users, contrasting with Custom Building where construction is under contract. Discover types, examples, and market impact.
Speculative Risk: Uncertainty of Financial Outcomes
A comprehensive overview of speculative risk, which entails the uncertainty of financial loss or gain, with examples, special considerations, and related terms.
Speedup: Efforts by Employers to Obtain Increased Productivity Without a Corresponding Increase in Wages
Speedup refers to the practice where employers push for greater productivity from workers without increasing their wages. This productivity demand can come through increased workloads, reduced break times, or intensified work pace.
Spelling Checker: A Tool for Error-free Writing
Spelling checker software available on some word processing programs that 'reads' through a document looking for misspelled words, stopping at words 'recognized' as misspelled, and allowing the operator to make corrections.
Spendable Income: Post-Tax Usable Income
Spendable income refers to the amount of income that remains after all required government taxes have been deducted, often synonymous with after-tax cash flow.
Spending Money: Pocket Expenses Explained
Understanding spending money, also known as pocket money, including its purpose, management tips, historical context, and practical applications.
Spendthrift Trust: Financial Protection and Security
A Spendthrift Trust is a type of trust fund created to provide financial maintenance for a beneficiary while enforcing restrictions to guard against the unwise use of the assets. Often established by parents for their children, these trusts offer a layered approach to asset management and protection.
SPIDER: See [SPDR]
Refer to SPDR for more information about Standard & Poor's Depositary Receipts (SPDRs), a type of exchange-traded fund.
Spillover Effects: Impact Beyond Direct Involvement
Exploration of Spillover Effects in Economic Activities: Positive and Negative Externalities, Historical Context, Examples, and Applications.
Split Commission: Definition and Context
A comprehensive guide on split commission, detailing how commissions are divided between brokers and financial professionals, with examples and historical context.
Split Dollar Life Insurance: A Comprehensive Overview
Detailed exploration of Split Dollar Life Insurance policies, including structure, premiums, ownership rights, death proceeds, types, and examples.
Split Shift: Work Shift Interrupted with an Unpaid Time-Off Period
A split shift involves dividing a worker's scheduled hours into two segments separated by a non-paid break period, often used in industries requiring peak time coverage.
Split-Up Form of Reorganization: A Comprehensive Guide
An in-depth examination of the 'split-up' form of reorganization, where a parent corporation splits into two or more smaller corporations, with stock of the new entities distributed tax-free to shareholders who surrender their old stock.
Spokesperson: Individual Representing a Product or Service
A Spokesperson is an individual who speaks on behalf of a product or service, often becoming associated with it through their representation.
Spooling: Managing Computer File Queues
Spooling is a process in computer systems that involves managing a queue of computer files waiting to be printed or processed by another output device. This concept is fundamental in optimizing resource use and maintaining workflow efficiency.
Spot Commodity: Immediate Delivery Trading
Detailed explanation of Spot Commodity trading, distinctions from Futures Contracts, and the dynamics of the Spot Market.
Spot Market: Definition and Insights
A comprehensive overview of the Spot Market, where commodities are sold for cash and delivered immediately. Analyzing its operations, comparisons with futures contracts, and relevance in financial markets.
Spot Price: Current Delivery Price in the Spot Market
A detailed overview of the spot price, its significance in finance and trading, the factors influencing it, and its comparison to futures prices.
Spot Rate: The Price of Immediate Currency Exchange
The spot rate is the price at which a currency can be purchased or sold for immediate delivery, typically within two business days.
Spot Zoning: Special Rezoning of Land Parcels
Spot zoning involves rezoning a specific parcel of land where all surrounding parcels are zoned for different uses, often leading to incompatibility with surrounding land uses.
Spousal IRA: Individual Retirement Account for Nonworking Spouses
A Spousal IRA is an Individual Retirement Account created for a nonworking or low-income earning spouse, allowing contributions based on the income of the working spouse.
Spreading Agreement: Expansion of Collateral Across Multiple Properties
A Spreading Agreement is a legal arrangement that extends the collateral of a loan to include multiple properties, thereby offering enhanced security to the lender.
Springing Power of Attorney: Conditional Authorization
A Springing Power of Attorney is a specialized legal document that becomes effective only upon the occurrence of a specified event, such as the incapacity of the principal.
SPUR: Rail Line Extending from a Regularly Serviced Line
A SPUR rail line extends from a main rail line to provide direct access to specific locations, such as manufacturing plants, optimizing cargo loading and unloading.
Spyware: Covert Monitoring Software
Spyware refers to any software that covertly gathers user information or monitors user activity without the user's knowledge, often installed as part of freeware or shareware.
Square Footage: Understanding the Measurement
Square footage is the area measured in square feet of a property or space for sale or rent. The inclusions in square footage calculations can vary considerably depending on the property type and usage.
Squatter's Rights: Legal Allowance to Use the Property of Another
Squatter's Rights involve the legal allowance for individuals to use a property they do not own. Over time, and under certain conditions, this may result in the acquisition of legal title to the property through adverse possession.
Stabilization: Definition and Applications
Detailed explanation of stabilization in currency, economics, and securities. Understand the methods and practices employed to achieve economic and market stability.
Stachybotrys chartarum: Toxic Black Mold
Comprehensive information on Stachybotrys chartarum, commonly known as toxic black mold, including its effects, examples, and prevention methods.
Staff Authority: Advisory Power in Management
An overview of staff authority in organizational management, explaining its role, characteristics, and impact on advising but not directing other managers.
Stagflation: Economic Phenomenon of the 1970s
Stagflation, a term coined by economists in the 1970s, describes the unprecedented combination of slow economic growth, high unemployment, and rising prices.
Staggered Election: Definition and Purpose
A comprehensive overview of the staggered election system used for electing a percentage of the board of directors of a public corporation, typically to prevent hostile takeovers.
Stagnation: Period of No or Slow Economic Growth
Stagnation refers to a period of no or slow economic growth or even economic decline in real (inflation-adjusted) terms. Economic growth of about 1% or less per year is generally taken to constitute stagnation.
Stake: Ownership in an Enterprise
An overview of the concept of stake, highlighting its origin, definition, types, and applications in modern contexts.
Standard & Poor's Corporation: A Comprehensive Overview of Investment Services
An in-depth look at Standard & Poor's Corporation, a subsidiary of McGraw-Hill, Inc., known for its investment services including securities ratings, stock indexes, and financial information.
Standard Advertising Register: A Comprehensive Directory for the Advertising Industry
The Standard Advertising Register provides essential insights and directories, including the Standard Directory of Advertising Agencies and the Standard Directory of Advertisers, known for their red covers and indispensable utility in the advertising industry.
Standard Deduction: Simplified Tax Deduction
The Standard Deduction is a provision allowing taxpayers to deduct a fixed amount from their gross income in lieu of itemized deductions. This provision, updated annually for inflation, also accounts for specific circumstances such as age or blindness.
Standard Deviation: Statistical Measure of Dispersion
An in-depth exploration of Standard Deviation, a key statistical measure used to quantify the amount of variation in a set of data values, central to understanding dispersion in probability distributions.
Standard Error: Measuring the Precision of Sample Estimates
The Standard Error quantifies the variability of a sample statistic. Learn about its significance, calculation, and applications in statistics.
Standard Fire Policy: Overview and Importance
A detailed exploration of the Standard Fire Policy, its history, key provisions, and its role within the broader scope of fire insurance.
Standard Mileage Method: Tax Deduction Calculation
The Standard Mileage Method is a simplified way for taxpayers to calculate the deduction for the business use of a vehicle based on mileage driven.
Standard of Care: Professional Conduct Expectations
A comprehensive overview of the Standard of Care in professional practice, detailing the duties, expectations, examples, and implications within various fields.
Standard of Living: Quality and Quantity of Goods and Services Consumed
The sum total of amenities, quality, and quantity of goods and services consumed by consuming units within an economy, reflecting overall well-being and economic prosperity.
Standby Fee: The Sum Required by a Lender for a Standby Commitment
A comprehensive explanation of the standby fee, which is a sum required by a lender to provide a standby commitment, and the conditions under which it may be forfeited.
Standby Loan: A Comprehensive Overview
An in-depth explanation of standby loans, including their purpose, characteristics, and implications in financial contexts.
Standing Order: Repeated Shipments of Goods
Standing orders facilitate the repeated shipment of goods without the need for specific reorders, adhering to predetermined quantity and time limitations.
Staple Stock: Goods with Consistent Demand
Explanation of Staple Stock, goods that maintain a fairly constant demand over years with minimal seasonality, and are continually carried by retailers.
Stare Decisis: Legal Principle of Judicial Precedent
Stare Decisis is a fundamental legal principle wherein courts rely on established judicial precedents when deciding cases with similar issues.
Start-Up: New Business Venture
In Venture Capital parlance, a start-up is the earliest stage at which a venture capital investor or investment pool will provide funds to an enterprise, usually based on a business plan detailing the background of the management group along with market and financial projections.
Start-Up Disk: Initializing a Computer's Startup Process
A start-up disk is a diskette or CD used to initialize a computer's startup process. It contains enough of the computer's operating system to boot the computer in an emergency.
STAT: Medical Term Meaning Immediately
Definition and Context of the Medical Term 'STAT,' which means immediately and has come into common usage beyond medical settings.
State Bank: State-Chartered Banking Institutions
A State Bank is a bank organized under a charter granted by a regulatory authority in one of the 50 U.S. states. This is contrasted with a National Bank, which is federally chartered.
Stated Value: Assigned Value for a Corporation's Stock
An explanation of the concept of stated value, its application in accounting for corporation's stock, and its distinction from market price.
Statement: Definition and Applications
An overview of the different types of statements including financial, banking, and programming statements, their characteristics, and uses.
Statement of Cash Flow: Comprehensive Overview
The Statement of Cash Flow, or Cash Flow Statement, provides a detailed accounting of a company's cash inflows and outflows, categorized into operating, investing, and financing activities.
Statement of Change in Financial Position: Key Financial Document
A comprehensive guide on the Statement of Change in Financial Position, also known as Sources and Applications (Uses) of Funds Statement, detailing its purpose, uses, components, and practical application in financial analysis.
Statement of Condition: Sworn Accounting of Resources and Liabilities
A comprehensive overview of the Statement of Condition in Banking and Finance, detailing the assets, liabilities, and equity as of a specific date.
Statement of Income: Detailed Overview
The Statement of Income, also referred to as the Profit and Loss Statement, is a key financial document that summarizes a company's revenues, costs, and expenses within a specified period. This summary helps in determining the financial performance in terms of profit or loss.

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