An account that shows a small and insignificant profit amount that is reported on the financial statement .
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SPECIAL RISK INSURANCE
Insurance issued to cover excess losses on a specific line of insurance. Refer to direct and indirect stakeholders .
SPECIAL SITUATION
A situation that arises that will require a company to sell of some of its shares.
SPECIAL TAX BOND
A bond secured by special taxes that is put on roads and gasoline for example..
SPECIAL TOOLING
Any specialised equipment that can be only be used for a specific purpose. Items like gauges, dies, molds, jigs, patterns.
SPECIAL VERDICT
A decision by jury where the defendant isn’t guilty of the charge but is found guilty of a lesser offense or is not guilty due to reason of insanity.
SPECIAL WARRANTY DEED
Deed where the seller guarantees title to the property being sold was not impaired during the time the seller held the title but there is no assurance about previous holders.
SPECIAL WASTE
Waste that needs to be treated carefully due to a hazardous nature, offensive nature, size or state.
SPECIAL-ORDER DECISIONS
A decision made whether or not to keep products that may be under valued.
SPECIAL-PURPOSE FINANCIAL STATEMENT
A document that states that the investor must use money to purchase investments and not pay loans with it.
SPECIALIST
The market maker in the stock exchange . They manage and balance the market at all times. They are sometimes even a dealer.
SPECIALIZATION
The community, organization or groups agreement that sees the person with the appropriate skills assume the responsibility for the task.
SPECIALIZED INDUSTRY
Where individuals train specially to work in an industry.
SPECIALLY DENATURED ALCOHOL (SDA)
Industrial ethanol or ethyl alcohol that is used in cosmetics etc. That has been denatured so it is less harmful.
SPECIALPURPOSE ENTITY (SPE)
A company added to prevent bankruptcy by arranging securitization for the sponsor. This company must become a charitable trust that is owned by a third party . The company and […]
SPECIALTY
A writing sealed and delivered , containing some agreement. A writing sealed and delivered, which is given as a security for the payment of a debt, in which such debt […]
SPECIALTY ADVERTISING
A permanent advertisement that is printed on handy small items such as cups, calendars, bags that are given away to remind people of the products.
SPECIALTY GOOD
An item with special qualities such as being unique and extraordinary that people look for them to buy. Items such as designer clothes, famous art work.
SPECIE
1. Coin of the precious metals , of a certain weight and fineness, and bearing the stamp of the government, denoting its value as currency. Trebilcock v. Wilson, 12 Wall. […]
SPECIES
Lat. In the civil law . Form; figure; fashion or shape. A form or shape given to materials. A particular thing; as distinguished from “genus.”
SPECIFIC
Having a certain form or designation ; observing a certain form ; par- ticular; precise. As to specific “Denial,” “Devise,” “Legacy,” and ” Performance ,” see those titles.
SPECIFIC BEQUEST
a legacy of a specified property or chattel to a particular person that is detailed in a will. See legacy, specific.
SPECIFIC CHEMICAL IDENTITY
The precise identity of a substance in chemical terms, written in chemical nomenclature or with a number assigned by the Chemical Abstract Service (CAS).
SPECIFIC COMMODITY RATE
A rate applied to a specific class of commodity or single commodity. An example is flowers.
SPECIFIC EXCESS REINSURANCE
A reinsurance contract used to cover excess loss that a primary carrier will not cover.