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A B C D E F G H I J L M N O P Q R S T U V W Z
SA SE SH SI SM SO SP ST SU
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Sales
Sales: Income received from selling goods or a service. See Revenue.
Sales Invoice
Sales Invoice: See Invoice.
Sales Ledger
Sales Ledger: A subsidiary ledger which holds the accounts of a business's customers. A control account is held in the nominal ledger (usually called a debtors' control account) More…
Secured
The status a creditor has when he has security or a right in some property that he can sell or realize on.
Security
Something given or pledged to a person who is lending money in order to secure or guarantee payment of that debt.
Security Agreement
A verbal or written agreement between a secured party and a debtor giving the secured party a security interest in personal property; a written agreement is not necessary if the secured More…
Security Interest
An interest in personal property that secures payment for performance of an obligation. Certain other transactions (such as a lease for a term of more than one year) are deemed to be More…
Seize or Sue
"That phrase referring to a concept that, in British Columbia under the Personal Property Security Act, allows a secured creditor, in regard to consumer goods, to either seize or sue More…
Self Assessment
"Self Assessment (UK only): A new style of income tax return introduced for the 1996/1997 tax year. If you are self-employed, or receive an income which is un-taxed at source, you will More…
Self-Balancing Ledgers
Self-balancing ledgers: A system which makes use of control accounts so that each ledger will balance on its own. A control account in a subsidiary ledger will be mirrored with a control More…
Self-Employed
Self-employed: The owner (or partner) of a business who is legally liable for all the debts of the business (ie. the owner(s) of a non-limited company).
SENTENCE ORDER
"A form prepared under the Youth Criminal Justice Act (Canada) and issued by the Youth Justice Court which confirms the sentence imposed on a child under 18 years of age who has been More…
Service
Service: A term usually applied to a business which sells a service rather than manufactures or sells goods (eg. an architect or a window cleaner).
SET OFF
A debt the plaintiff owes the defendant which may be deducted from the amount the court finds the plaintiff is owed.
Settlement
"The transferring of property to another person or a gift. Under certain circumstances, settlements are void against the Trustee and are brought back into the bankruptcy estate. More…
SETTLEMENT CONFERENCE
"An informal hearing held before a judge or designated court official, to attempt to settle the dispute before the actual trial."
Share Premium
"Share premium: The extra paid above the face value of a share. Example: if a company issues its shares at $10 each, and later on you buy 1 share on the open market at $12, you will be More…
Shareholders
Shareholders: The owners of a limited company or corporation.
Shares
Shares: These are documents issued by a company to its owners (the shareholders) which state how many shares in the company each shareholder has bought and what percentage of the company More…
Shares Issued
Shares issued (aka Shares outstanding): The number of shares a company has issued to shareholders.
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