The name given, in some states, to the upper house or branch of the council of a city.
S | Page 28
S
SELECTI JUDICES
Lat. In Roman law. Judges who were selected very much like our juries. They were returned by the prsetor, drawn by lot, subject to be challenged, and sworn. 3 Bl. […]
SELECTION
1. A consumers choice to select a service or product. 2. The products that a company will offer to its customers.
SELECTION BIAS
A statistical error that causes one sampling group to be selected more than other sampling groups. It will craete a bias in an experiment.
SELECTION OF JURORS
a term that is used for the selecting of people who will serve on a jury.
SELECTION OF RISK
A term used to refer to an insurers selection of what risks to insure. The term refers to the act of ceding poor risks in reinsurance .
SELECTIVE ADVERTISING
A strategy in promotion of a selected product to a specific market through advertsing that is consistent with the markets beliefs attitudes and expectations.
SELECTIVE DEMAND
The demand for a certain brand that happens after the initial demand in the life cycle of a product .
SELECTIVE DISTRIBUTION
Often used for designer and high end goods where a select market is chosen with a small number of select outlets to cover a geographical area.
SELECTIVE SELLING
The selling that is restricted to customers who meet a certain buying size or who reach a minimum ability to buy a product.
SELECTMEN
The name of certain municipal officers, in the New England states, elected by the towns to transact their general public business, aud possessing certain executive powers. See Felch v. Weare, […]
SELF ADMINISTERED TRUSTEE PLAN
A trustee administered retirement plan where the trustee receives contributions and invests the money, collects profitsa and pays benefits to eligible employees.
SELF CATERING
An accomodation style where a kitchen is provided to guest to prepare their own meals.
SELF CHECK
1. Banking. A cheque that is issued to one’s self or a cheque presented to the bank it was drawn.2. Alternative for a self test
SELF EMPLOYMENT INCOME
The taxable earned from being self employed. A person who acts as a sole contractor that files form 1065.
SELF EXECUTING
A legal instrument enforced by a judicial process that is effective immediately without the need for any other requirements .
SELF FUNDED PLAN
All eligible claims are paid by the emplyer instaed of the insurer.
SELF GENERATION
Electricity production on one’s own property with one’s own equipment that is owned by the consumer or by a third party .
SELF INFLICTED INJURY
An injury or harm that is inflicted on one’s self.
SELF INSURANCE
An approach in risk management where a sum is set aside to protect against the possibility of a loss. No insurance policy is involved and should be called risk retention […]
SELF LIQUIDATING ASSET
An asset that is capable of generating sufficient income to return the total cost amount.
SELF LIQUIDATING BOND
A bond where the principal and interest is serviced (paid off) from revenue that is generated by the project that financed the bonds issue.
SELF MAILER
A postcard like peice of mail that does not require placement in an envelope to post.
SELF MOTIVATION
The ability to do what has to be done without any outside influence from situations or people.
SELF REINSURANCE
The alternative to getting reinsurance that is done by the insurer who has created a fundthat is used to pay for any losses that occur beyond normal means.