The goods that have been specified individually for sale and then bought under a contract. See unascertained goods .
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SPECIFIC GRAVITY
A term that is now outdated but is still popular and has been replaced by relative density .
SPECIFIC HEAT
The amount of heat that is required to raise the temperature of one unit of mass by one degree divided by the amount required to raise the temperature of an […]
SPECIFIC HUMIDITY
The weight of water vapor that is expressed as a percentage weight of air that is dry.
SPECIFIC IDENTIFICATION METHOD
A method of inventory valuation where the actual cost of the bought or issued item can be identified by date of purchase or a serial number.
SPECIFIC INSURANCE
The policy that covers just one specified property.
SPECIFIC INTENT
the term that is applied to the conscious intention and premeditation in carrying out an act.
SPECIFIC LIEN
A charge, unlike a general lien , that does not cover all of the floating and fixed assets but binds only a certain property or asset.
SPECIFIC PERFORMANCE
The court order that is mandatory where a party must fulfills its contractual obligations according to the exact terms of the contract.
SPECIFIC PRICE INDEX
The amount in dollars assigned to a service or product that is dependent on the current status of the economy.
SPECIFIC RETURN
The part of an excess return on assets that are not explained by common factors. Also known as idiosyncratic return.
SPECIFIC RISK
1. General. The loss or failure probable that is peculiar to an activity or phenomenom.2. Investing and trading. (1) The probable loss specific to an opportunity and the market as […]
SPECIFIC STOP LOSS INSURANCE
Insurance that becomes effective when a breach occurs in self insurance policy .
SPECIFIC TARIFF
The tax on imports expressed in money per imported unit.
SPECIFICATIO
Lat. In the civil law . Literally, a making of form; a giving of form to materials. That mode of acquiring property through which a person, by transforming a thing […]
SPECIFICATION
pose, objoct, person, or class. The opposite of “general.”
SPECIFICATION (SPEC)
The precise statement of needs to have to be satisfied or a characteristic needed by the customer which must be delivered by a vendor.
SPECIFICATION LIMITS
The parameters or boundaries defining acceptable performance for the process and is expressed as a target limit.
SPECIFICATION TREE
A schematic diagram showing how specifications are dependent on other specifications, illustrating relationships between them.
SPECIFIED CAUSES OF LOSS
Commercial coverage for physical damage that is a narrowly defined policy where specific perils are covered.
SPECIMEN
A sample; a part of something intended to exhibit the kind and quality of the whole. People v. Freeman, 1 Idaho, 322.
SPECTRUM
The range of frequencies of electro magnetic waves.
SPECULATE
1. Financial. Engage in speculation . 2. General. Make an assumption or guess based on small amount of data or none at all.
SPECULATION
In commerce. The act or practice of buying lands, goods, etc.. in expectation of a rise of price and of selling them at an advance, as distinguished from a regular […]
SPECULATIVE BALANCE
The balance of cash that is held in order to take advantage of any unpredictable bargain.