This means to fulfil a request, pay off a debt or to discharge an obligation . See satisfaction .
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SATISFY,
in technical use, generally means to comply actually and fully with a demand; to extinguish, by payment or performance . Satius est petere fontes quam sectari rivulos. Loli’t, COO. It […]
SATURATED MARKET
A market with little or no chance of further sales as all prospective customers have the product or a substitute that will do the same job.
SATURATION
A condition that implies that no more product can be introduced into the market.
SATURATION POINT
The level of volume of sales that it takes to fill the market.
SATURDAY NIGHT SPECIAL
An unexpected offer of tender to suddenly takeover a company rapidly. Refer to dawn raid and premium raid .
SATURDAY’S STOP
In old English law . A space of time from even-song on Saturday till sun-rising on Monday, in which it was not lawful to take salmon in Scotland and the […]
SAUNKEFIN
L. Fr. End of blood; failure of the direct line in successions. Spelman ; Cowell.
SAUVAGINE
L. Fr. Wild animals.
SAUVEMENT
L. Fr. Safely. Sauve- mcnt yardes, safely kept Britt c. 87.
SAVE
To except, reserve, or exempt; as where a statute “saves” vested rights. To toll, or suspend the running or operation of; as to “save” the statute of limitations .
SAVER DEFAULT
L. Fr. In old English practice. To excuse a default Termes de la Ley .
SAVING CLAUSE
A saving clause in a statute is an exception of a special thing out of the general things mentioned in the statute ; it is ordinarily a restriction in a […]
SAVING PROPERTY DOCTRINE
the name that is given to the doctrine that a defendant, by his negligence , causes damage to another person’s property, he is liable for any personal injuries that are […]
SAVING THE STATUTE OF LIMITATIONS
A creditor is said to “save the statute of limitations ” when he saves or preserves his debt from being barred by the operation of the statute. Thus, in the […]
SAVINGS
An amount of disposable income that is not accounted for but is accumulated or invested in mortgage payments or capital equipment.
SAVINGS ACCOUNT
An account at a financial institution from which money is deposited and withdrawals are made, interest is accrued and does not have a date for maturing. There is usually no […]
SAVINGS ACCOUNT LOAN
A loan that is secured by savings already with the institution . The funds may not be taken out until the loan is finished being paid.
SAVINGS ACCOUNT RATE
The interest rate that a savings account will attract.
SAVINGS AND LOAN (S&L) ASSOCIATION
See also savings and loan bank. A US depository institution that is chartered and organised as a bank. It offers home loans and basic services of banking and credit cards.
SAVINGS ASSOCIATION INSURANCE FUND (SAIF)
Administered by The Federal Deposit Insurance Corporation or the FDIC.It is an insurance system for savings and loan banks and thrift banks.
SAVINGS BANK
An institution in the nature of a bank, formed or established for the purpose of receiving deposits of money, for the benefit of the persons depositing, to accumulate the produce […]
SAVINGS BANK LIFE INSURANCE
Insurance that is sold by a savings account gthat is only allowed in certain US states such as Massachusetts.
SAVINGS BOND
A taxfree bond that is sold by the government and considered a risk free form of investment.
SAVINGS CERTIFICATE
A receipt that is issued by a savings bank , building societyor credit union that certifies the ownership of a fixed term deposit. Shows tha holders name, interest rate and […]