Prospective or anticipated damages from the same acts or facts constituting the present cause of action , but which depend upon future developments which are contingent, conjectural, or improbable.
S | Page 78
S
SPECULATIVE GRADE
Debt security given ‘sub-investment’ rating by the rating agencies. The rating is BB rated by Standard and Poor , Ba by Moody’s. Also known as speculative security .
SPECULATIVE RISK
The prospect of a gain or loss as a result of risk exposure. Refer to pure risk.
SPECULATIVE SECURITY
Debt security given ‘sub-investment’ rating by the rating agenesis. The rating is BB rated by Standard and Poor , Ba by Moody’s. Also known as speculative security .
SPECULATIVE TRANSACTION
A financial transaction that involves a speculative risk where the net loss or return isn’t known in advance.
SPECULATOR
Risk taking investors who trade in highrisk ventures with the expectation of quick, large profits.
SPECULUM
Lat Mirror or looking- glass. The title of several of the most ancient law- books or compilations. One of the ancient Icelandic books is styled “Speculum Regale.”
SPEECH RECOGNITION
Technology enabling computers to recognize spoken words. The sound is digitized and then matched to a pattern stored on the database.
SPEECH SYNTHESIS
Technology that can ‘construct’ speech that replace a human voice. Mainly used to assist blind and sight impaired.
SPEED REGULATIONS
These are the various regulations in each state that relate to the speeds allowed for vehicles on the roads.
SPEEDY EXECUTION
An execution which, by the direction of the judge at nisi prius. issues forthwith, or on some early day fixed upon by the judge for that purpose after the trial […]
SPEEDY TRIAL
In criminal law . As secured by constitutional guaranties, a speedy trial means a trial conducted according to fixed rules, regulations, and proceedings of law, free from vexatious, capricious, and […]
SPELLING
The formation of words by letters; orthography. Incorrect spelling does not vitiate a written instrument If the intention clearly appears.
SPEND
1. Pay money for goods and services. See spending. 2. Use of a resource like time for example.
SPENDING PHASE
Part of person’s life where money spent if from existing assets as income has been reduced significantly.
SPENDING PLAN
A budget that comprises all of the department budgets for a period of accounting, project or program.
SPENDING POWER
Granted legislature authority to administration allowing it to spend funds that are public in line with a budget that is approved.
SPENDTHRIFT
A person who by excessive drinking, gaming, idleness, or de- bauchery of any kind shall so spend, waste, or lessen his estate as to expose himself or his family to […]
SPENDTHRIFT CLAUSE
Clause stopping the beneficiary ‘s creditor’s ability to collect benefits before they are received by the beneficiary.
SPENDTHRIFT PROVISION
A condition in trusts barring one or more beneficiaries from pledging or spending benefits before they are received.
SPENDTHRIFT TRUST
a trust that is set up to protect a beneficiary from his own spending tendencies or his incompetence to handle money and property.
SPERATE
That of which there is hope. Thus a debt which one may hope to recover may be called “sperate,” in opposition to “desperate.” See 1 Chit. Pr. 520.
SPES ACCRESCENDI
Lat. Hope of surviving. 3 Atk. 762; 2 Kent, Comm. 424. Spes est vigilantis somninm. Hope Is the dream of the vigilant. 4 Inst. 203. Spes impnnitatis continnnm affectum tribnit […]
SPES RECUPERANDI
Lat. The hope of recovery or recapture; the chance of retaking property captured at sea, which prevents the captors from acquiring complete ownership of the property until they have definitely […]
SPIFF
Slang term. The sum of money that is paid by the vendor’s salesman to the retailer’s salesman for motivation to push the goods of the vendor.