In old English law . A lord’s right of amercing his tenants in his court. Keilw. 145. Acquittance of suit at county courts and hundred courts. Fleta, 1. 1, c. […]
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SALABLE
An item that is able to be sold. See merchantable and satisfactory quality .
SALAD OIL SCANDAL
In 1963, Allied Crude Vegetable Oil committed $175 million loan fraud when it used water filled cargo as part of its inventory to fool inspectors .
SALADINE TENTH
A tax imposed in England and France, in 1188, by l’oj>e innocent 111., to raise a fund for the crusade undertaken by Richard I. of England and Philip Augustus of […]
SALARIUM
Lat. In the civil law . An allowance of provisions. A stipend, wages, or compensation for services. An annual allowance or compensation. Calvin.
SALARY
A recompense or consideration made to a person for his pains and industry in another person’s business; also wages, stipend, or annual allowance. Cowell. A fixed periodical compensation to be […]
SALARY CAP
The uppermost salary or wage that is paid to an employee that is set by the government or union organisation. Also used by sporting clubs for paying all of its […]
SALARY REDUCTION PLAN
Capital accumulation plan or pension plan where an employee makes a contribution to a pension plan from their salary that reduces the tax payable. Puts the employer into a lower […]
SALARY SAVINGS INSURANCE
A payroll deduction made by the employer from the employees wages direct to the insurer.
SALARY STRUCTURE
A list of wages and the associated benefits for each wage level and grade.
SALE
St 617; Benedict v. U. S.. 176 U. S. 357, 20 Sup. Ct. 458, 44 L. Ed. 503; People v. Myers (Sup.) 11 N. Y. Supp. 217.
SALE AND BUYBACK
Financing that is off the balance sheet where the owner sells an asset or property to an investor and he then buys the item back over a long term mortgage […]
SALE AND LEASEBACK
When a company purchases an asset agreeing to lease the asset back to the seller so the seller appears more liquid.
SALE BILL OF
a document that gives evidence that a property has been sold to a purchaser by the seller.
SALE EXCLUSIVE
an agreement between the owner and the broker, where the owner will only sell through the broker.
SALE EXECUTORY
a sale that has been agreed on but the details as yet are to be worked out.
SALE FORCED
the term that applies to a sale that is ordered by a court that is against the owner’s wishes.
SALE FRAUDULENT
the term that describes a sale that is made to avoid legal obligations to a person’s creditors.
SALE JUDICIAL
the term that is given to a sale that has been ordered by a court. See sale, forced.
SALE OF GOODS ACTS
The laws that ensure the products that we purchase are deemed to be safe and will meet a certain quality standard that makes them for the intended use of the […]
SALE ON APPROVAL A
a sale that is conditioned or tentative and depends on the intended purchaser’s satisfaction with a thing he is buying.
SALE ON CREDIT
a sale where the property is transferred to a new owner but payment will be made at a later date.
SALE OR EXCHANGE A
a disposition of property on a value for value basis that is different from a disposition by a gift or a contribution .
SALE PRICE
The price an item is on sale for that is discounted from the original price.
SALE RESPONSE FUNCTION
The effect that advertsing has on the subsequent sales of the advertised item.