A systrem of accounting that is simple where all transactions are only recorded once and not as in a double=entry book keeping system.
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SINGLE-STEP INCOME STATEMENT
A simple way to track expenses and income using one line terms with a single total at the bottom.
SINGULAR
Each ; as in the expression ” all and singular .” Also, individual .
SINK OR SWIM TRAINING
The “quick and dirty” method of training new employees where the new rexcruit is put straight into the working environment with little or no training being provided.
SINKER
When a sinking fund provision is included in a bonds indenture.
SINKHOLE COLLAPSE
A dangerous situation caused by the sudden collapse of a land mass into an empty space below it.
SINKING FUND
See FUND.
SINKING FUND METHOD OF DEPRECIATION
A cost allocated by a company before it re-issues stocks and bonds to the public at large.
SINKING FUND PROVISION
The requirement for some bond issuers that makes them buy back some of the debt at regualr time intervals. See Refunding Risk and Callable Bond .
SIPESSOCUA
In old English law . A franchise, liberty, or hundred.
SIST, n
In Scotch practice. A stay or suspension of proceedings ; an order for a stay of proceedings . Bell.
SIST, v
In Scotch practice. To stay proceedings . Bell.
SISTER
A woman who has the same father and mother with another, or has one of them only. The word is the correlative of “brother.”
SISTER CAPTIVE
An extension of the pure captive by an insurer or reinsurer that writes insurance to cover companies that form an
SISTER COMPANY
A subsidiary of a parent company that owns more than one subsidiary company. The subsidiaries are considered to be sister companies.
SISTERSHIP EXCLUSION
An exclusion method that will prevent the coverage of products that have been withdrawn from the market place.
SIT
To hold a session, as of a court, grand jury, legislative body, etc. To be formally organized and proceeding with the transaction of business. See Allen v. State, 102 Ga. […]
SIT IN CAMERA
means to hold a court haring in private or in the judges chambers.
SIT-DOWN STRIKE
the name applied to a strike where the worker’s stay on the premises and stop working.
SITDOWN STRIKE
Action that is taken by employees on strike where they stay at the place of work so non-striking employees can’t do their jobs as replacements.
SITE
1. General. The spatial location of a facility, building or structure.2. Internet. The “place” in cyberspace that is the location of a web site.3. Law. A domicile, location or controlling […]
SITE ACCESS DENIAL
The m aking of a work site unavailable due to disturbances such as fire or flood in surrounding areas all though the site may be unaffected.
SITE ACTIVATION
The preparation of a work site or web site that enables it to perform its intended function.
SITE AUDIT
An audit that is conducted at the place of business .
SITE LICENSE
A license that is purchased for software that is used at one location.