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S&P 500 Index
is the Standard & Poors 500 Composite Stock Price Index, a widely recognized, unmanaged index of common stock prices. You may not invest directly in the S&P 500 Index, and, unlike the Fund, benchmark indices do not incur fees or expenses. Indices
Financial Term
Letter: S
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S&P GSCI Commodity Index
is a composite index of commodity sector returns, representing an unleveraged, long-only investment in commodity futures that is diversified across the spectrum of commodities. The returns are calculated on a fully-collateralized basis with full reinvestment. The combination of these attributes provides investors with a representative and realistic picture of realizable returns attainable in the c
Financial Term
Letter: S
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S-Curve Method
A mathematical function which depicts an initial slow change, followed by a rapid change and then ending in a slow change again. This results in an "S" shaped line when depicted graphically. The actuarial application of these curves fit the reported data to date for a particular cohort of claims to an S-curve to project future activity for that cohort.
Insurance Term
Letter: S
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Sales per Employee
A ratio that measures companys productivity by dividing cumulative Sales of the past twelve months, by the number of employees. Sales Per Employee displays how much a single employee contributes over the twelve months period to the total sales of the company. Sales Per Employee Formula = (Sales trailing twelve months / Employee)
Fundamental Analysis
Letter: S
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Salt
also known as sodium chloride, has many end uses. Salt is used as feedstock for chlorine and caustic soda manufacture; these two inorganic chemicals are used to make many consumer-related end-use products, such as polyvinyl chloride (PVC) plastic made from chlorine and paper-pulping chemicals manufactured from caustic soda. Chemical Manufacturing Industry
Manufacturing Term
Letter: S
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Salvage
The amount of money an insurer recovers through the sale of property transferred to the insurer as a result of a loss payment.
Insurance Term
Letter: S
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Sampling
Selecting a fractional but representative part of a mineral deposit for analysis.
Manufacturing Term
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Scrap Iron and Steel
Iron and steel scrap is a vital raw material for the production of new steel and cast-iron products. Steel scrap recycling conserves raw materials, energy, and landfill space. Iron & Steel Industry Operating Statistics
Manufacturing Term
Letter: S
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Second Injury Fund
The employer of an injured, impaired worker is responsible only for the workers compensation benefit for the most recent injury; the second-injury fund would cover the cost of any additional benefits for aggravation of a prior condition. The cost is shared by the insurance industry and self-insureds, funded through assessments to insurance companies and self-insureds based on either premiums or lo
Insurance Term
Letter: S
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Second-line
Treatment following first-line treatment; used if the initial treatment is unsuccessful or if the disease re-occurs.
Health Care Term
Letter: S
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Securitization
A process whereby loans or other receivables are packaged, underwritten and sold to investors. In a typical transaction, assets are sold to a special purpose entity, which purchases the assets with cash raised through issuance of beneficial interests (usually debt instruments) to third-party investors. Whether or not credit risk associated with the securitized assets is retained by the seller depe
Financial Term
Letter: S
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Securitization Income
Includes non-credit provision components of the net gains or losses from securitization activities; changes in fair value of the interest-only strip; excess spread related to securitized cardmember loans; and servicing income, net of related discounts or fees. Excess spread, which is recognized as earned, is the net cash flow from interest and fee collections allocated to the third-party investors
Financial Term
Letter: S
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Seed Capital
Initial capital invested in products, such as mutual funds, with the intention of ensuring the fund is of sufficient size to represent a viable offering to clients, enabling pricing of its shares, and allowing the manager to develop a commercially attractive track record. After these goals are achieved, the intent is to remove the Firms capital from the investment.
Financial Term
Letter: S
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Segment
A components of operations of an entity or a geographical area of operations of the entity that can be separately distinguished, operationally and for financial reporting purposes.
Financial Term
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Seismic
An exploration method of sending energy waves or sound waves into the earth and recording the wave reflections to indicate the type, size, shape and depth of a subsurface rock formation. 2-D seismic provides two-dimensional information and 3-D seismic provides three-dimensional views.
Energy Term
Letter: S
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Seismic Zone
A regional designation pertaining to the anticipated frequency and strength of earthquakes based on historical information.
Economy Term
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Self Insured Retentions
That portion of the risk retained by a person for its own account.
Insurance Term
Letter: S
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Semiconductors
Generic term for devices such as transistors and integrated circuits that control the flow of electrical signals. The most common semiconductor material for use in integrated circuits is silicon. Semiconductors Industry
Manufacturing Term
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Sensitivity
the smallest quantity of analyte that the assay can detect. Same as "Limit Of Detection." Statistically, the proportion of false negatives reported for a population sample.
Health Care Term
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Seq. Sequential QQ MM
Seq. Sequential (Q/Q quater on quater, M/M month on month) change of a specific variable (Revenue, Net Income, EPS) from the previous period.
Fundamental Analysis
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Service Fees
fees used to compensate securities dealers and other financial intermediaries for certain shareholder servicing activities.
Financial Term
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Services
Products that cannot be stored and are consumed at the place and time of their purchase.
Economy Term
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Servicing Carrier
An insurance company that provides, for a fee, various services including policy issuance, claims adjusting and customer service for insureds in a reinsurance pool.
Insurance Term
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Severity Rate
refers to the percentage of our total loss, which includes the unpaid principal balance of a loan, purchased interest, and selling costs if applicable, that we believe will not be recovered in the event of default.
Financial Term
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Shaft
A vertical or inclined excavation in rock for the purpose of providing access to an ore body. Usually equipped with a hoist at the top that lowers and raises a conveyance for handling workers and materials.
Manufacturing Term
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Shares Outstanding, Outstanding Shares
When speaking of a company or mutual fund, indicates all shares currently held by investors.
Financial Term
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Shelf Registration Statement
A registration statement that allows an issuer in the United States to offer securities from time to time, provided that the securities have been described in the registration statement and the registration statement has been declared effective by the SEC.
Financial Term
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Shipments Manufacturing
Manufacturers shipments measure the dollar value of products sold by manufacturing establishments and are based on net selling values, f.o.b. (free on board) plant, after discounts and allowances are excluded. Freight charges and excise taxes are excluded. Where the products of an industry are customarily delivered to distributors or consumers by the manufacturing establishment (such as in certain
Manufacturing Term
Letter: S
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Short Selling
The selling of a security in advance, that the seller does not own but expects to buy it later (cover the short selling) at a lower amount.
Economy Term
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Short Ton
The equivalent of 2,000 pounds.
Manufacturing Term
Letter: S
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Side-Effect
Any adverse change in health or that occurs in a person participating in a clinical trial, from the time they consent to joining the trial until a pre-specified period of time after their treatment has been completed.
Health Care Term
Letter: S
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Significant Guarantor
means any guaranty agency that guarantees trust loans comprising at least 10% of the Pool Balance of the trust loans by outstanding principal balance as of the statistical disclosure date.
Financial Term
Letter: S
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Silicon Si
is a light chemical element that combines with oxygen and other elements to form silicates. Silica (SiO2) as quartz or quartzite is used to produce silicon ferroalloys and silicon metal. Demand for silicon ferroalloys is driven principally by the production of cast iron and steel. Small quantities of silicon are processed into high-purity silicon for use in the semiconductor industry. Semiconducto
Manufacturing Term
Letter: S
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Silver
A very malleable metal found naturally in an uncombined state or with other metals. Of all the metals, pure silver has the whitest color, the highest optical reflectivity, and the highest thermal and electrical conductivity. Also, silver halides are photosensitive. Silver has many industrial applications such as in mirrors, electrical and electronic products, and photography. Silvers catalytic pro
Manufacturing Term
Letter: S
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Size of fleet at period-end
Represents the number of aircraft owned and operated at the end of the period. Airline Industry
Transportation Term
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Small Molecule Drug
A medicinal drug compound having a molecular weight of less than 1,000 Daltons, and typically between 300 and 700 Daltons.
Health Care Term
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Smelter
A metallurgical processing plant where ores or concentrates of minerals are smelted to produce metal. Metal Mining Industry Operating Statistics
Manufacturing Term
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Smelting
A thermal process whereby molten metal is obtained from a concentrate, with impurities separated into a lighter slag. Metal Mining Industry Operating Statistics
Manufacturing Term
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Sodium Sulfate
is an inorganic chemical that has several important industrial uses. It is produced from naturally occurring sodium-sulfate-bearing brines or crystalline evaporite deposits, and as a byproduct from different chemical processes, such as ascorbic acid, battery acid recycling, boric acid, cellulose, chromium chemicals, lithium carbonate, rayon, resorcinol, and silica pigments. Chemical Manufacturing
Manufacturing Term
Letter: S
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Somatic Cell
Any of the cells responsible for forming the body of an organism such as internal organs, bones, skin, connective tissues and blood.
Health Care Term
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Sour Crude Oil
A crude oil that is relatively high in sulfur content, requiring additional processing to remove the sulfur. Sour crude oil is typically less expensive than sweet crude oil.
Energy Term
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Special drawing rights SDR
Reserve assets created by the International Monetary Fund (IMF) and periodically allocated to IMF members in proportion to their respective quotas. The IMF determines the value of SDRs daily by summing, in U.S. dollars, the values?based on market exchange rates?of a weighted basket of currencies. SDRs can be used to acquire other members currencies, to settle members financial obligations, and to
Economy Term
Letter: S
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Special Protocol Assessment or SPA
The SPA process allows for an agreement between companies and the FDA on the design of a study, including clinical drug supply, pivotal trial design, clinical endpoints, conduct, data analysis, and other clinical trial issues, and is intended to provide assurance that if pre-specified trial results are achieved, they may serve as the primary basis for an efficacy claim in support of an NDA.
Health Care Term
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Spectrophotometer
A diagnostic medical procedure that uses high frequency sound waves (ultrasound) to produce dynamic visual images of organs, tissues or blood flow inside the body
Health Care Term
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Spot Market
A market in which commodities are bought and sold for cash and delivered immediately.
Financial Term
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Spot Price
The current price at which a commodity can be bought or sold at a specified time and place.
Financial Term
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Standard of Care Treatment
The treatment normally prescribed in medical practice for a particular illness, injury or procedure.
Health Care Term
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Statement of Cash flows
A financial statement that reflects cash flows from operating, investing and financing activities, providing a comprehensive view of changes in the companys cash and cash equivalents.
Financial Term
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Statement of Equity
A statement that reflects changes in the companys common stock, retained earnings and other equity accounts.
Financial Term
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Statement of Income
A financial statement that reflects the companys profit by measuring revenues and expenses. Statement of Income
Financial Term
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Statutory Accounting Practices SAP
The practices and procedures prescribed or permitted by domiciliary state insurance regulatory authorities in the United States for recording transactions and preparing financial statements. Statutory accounting practices generally reflect a modified going concern basis of accounting.
Insurance Term
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Statutory Surplus
As determined under SAP, the amount remaining after all liabilities, including loss reserves, are subtracted from all admitted assets. Admitted assets are assets of an insurer prescribed or permitted by a state to be recognized on the statutory balance sheet. Statutory surplus is also referred to as "surplus" or "surplus as regards policyholders" for statutory accounting purposes.
Insurance Term
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STB
US Surface Transportation Board, a regulatory agency with jurisdiction over railway rate and service issues and rail restructuring, including mergers and sales. Railroads Industry
Transportation Term
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Steam Coal
Coal used by power plants and industrial steam boilers to produce electricity or process steam. It generally is lower in Btu heat content and higher in volatile matter than metallurgical coal. Coal Industry Operating Statistics
Energy Term
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Steel
Metallic iron, from which steel is derived, must be extracted from iron ore. By definition, steel is a combination of iron with a small amount of carbon. Thousands of products having various chemical composition, forms, and sizes are made of iron and steel by casting, forging, and rolling processes. Iron & Steel Industry Operating Statistics
Manufacturing Term
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Stem Cell
Unspecialized (undifferentiated) cells that retain the ability to divide throughout a lifetime and give rise to more specialized (differentiated) cells which take the place of cells that die or are lost. In culture, these undifferentiated cells possess the ability to divide for indefinite periods in culture and may give rise to highly specialized cells.
Health Care Term
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Stenting
Stenting is a medical procedure that uses tiny mesh tubes to support artery walls to keep the vessels open.
Health Care Term
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Stepdown Date
means the earlier to occur of the first date on which no class A notes remain outstanding. For this purpose, the outstanding principal balance of the reset rate notes will be deemed reduced by any amounts (other than investment earnings) on deposit in the accumulation account.
Financial Term
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Sterol
A family of fat-like compounds that include cholesterol.
Health Care Term
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Stochastic Oscillator
Stochastic Oscillator is a indicator that shows the location of the current close relative to the high/low range over a set number of periods. Closing levels that are consistently near the top of the range indicate accumulation "buying pressure" and those near the bottom of the range indicate distribution "selling pressure". There are two types of Stochastic Oscillators: Fast a
Technical Indicator
Letter: S
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Stock
A share of ownership, or equity, in the issuing company.
Financial Term
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Stock Based Compensation
The payment to employees for services received with equity instruments such as stock options and restricted stock. Statement of Cash flows
Financial Term
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Stock Option
The right, not the obligation, to execute a stock transaction at a designated price.
Financial Term
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Stock Option Award
An award that gives key employees the right to buy shares of the companys stock, pursuant to a vesting schedule, at the market price of the stock on the date of the award.
Financial Term
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Strain Bacterial
variants or phenotypes of a bacterial species that exhibit significant characteristics that allow discrimination of one strain from another. In clinical application usually distinguished on the basis of disease severity, toxic products, antibiotic resistance, and other medically relevant properties.
Health Care Term
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Stress Testing
A scenario that measures market risk under unlikely but plausible events in abnormal markets.
Financial Term
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Strike Price
The price paid or received by the buyer when exercising an option.
Financial Term
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Strip Casting
A technology that involves molten steel being cast in between two rotating rolls and then hardened into a hot rolled strip. Iron & Steel Industry Operating Statistics
Manufacturing Term
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Structured Investment
is a security having a return tied to an underlying index or other security or asset class. Structured investments generally are individually negotiated agreements and may be traded over-the-counter. Structured investments are organized and operated to restructure the investment characteristics of the underlying security.
Financial Term
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Structured Settlements
Periodic payments to an injured person or survivor for a determined number of years or for life, typically in settlement of a claim under a liability policy, usually funded through the purchase of an annuity.
Insurance Term
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Subordinated Debt
Debt of Seller that has been subordinated to Buyer as provided in this Agreement or as otherwise approved by Buyer.
Financial Term
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Subpoena
a writ a government agency (court, SEC) commanding a person designated in it to appear in court under a penalty for failure.
Financial Term
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Subprime
includes consumer finance products like mortgage, auto, cards, sales finance and personal loans to U.S. and global borrowers whose credit score implies a higher probability of default FICO scores less than 620 at the time of origination.
Financial Term
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Subprime Mortgage Loans
Subprime loans are designed for customers with one or more high risk characteristics, including but not limited to: (I) unreliable or poor payment histories; (II) high loan-to-value ("LTV") ratio of greater than 80% (without borrower-paid mortgage insurance); (III) high debt-to-income ratio; (IV) the occupancy type for the loan is other than the borrowers primary residence; or (V) a history of del
Financial Term
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Subrogation
A principle of law incorporated in insurance policies, which enables an insurance company, after paying a claim under a policy, to recover the amount of the loss from another person or entity who is legally liable for it.
Insurance Term
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Subsidies Subsidy
The monetary grants paid by government agencies to private business or to government enterprises at another level of government.
Economy Term
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Sulfur
One of the elements present in varying quantities in coal that contributes to environmental degradation when coal is burned. Sulfur dioxide is produced as a gaseous by-product of coal combustion. Coal Industry Operating Statistics
Energy Term
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Super Jumbo Mortgage Loan
a first lien mortgage loan underwritten to the same high standards as a Conventional Conforming Mortgage Loan except with respect to the original principal balance, which is greater than one million ($1,000,000) dollars but less than the one million five hundred thousand ($1,500,000) dollars.
Financial Term
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Super Jumbo Plus
a first lien mortgage loan underwritten to the same high standards as a Conventional Conforming Mortgage Loan except with respect to the original principal balance, which is greater that one million five hundred thousand ($1,500,000) dollars.
Financial Term
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Supplements to wages and salaries
Consists of employer contributions for employee pension and insurance funds and employer contributions for government social insurance.
Economy Term
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Swap Counterparty
means each Eligible Swap Counterparty with which the trust has entered, or will later enter, into an interest rate or currency swap agreement to hedge in part basis and/or currency risks associated with the reset rate notes.
Financial Term
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Swaps
involve an exchange of obligations by two parties. Caps and floors entitle a purchaser to a principal amount from the seller of the cap or floor to the extent that a specified index exceeds or falls below a predetermined interest rate or amount. The Fund may enter into these transactions to manage its exposure to changing interest rates and other factors.
Financial Term
Letter: S
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Sweet Crude Oil
A crude oil that is relatively low in sulfur content, requiring less processing to remove the sulfur. Sweet crude oil is typically more expensive than sour crude oil.
Energy Term
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_Slot Handle
the total value of slot machine credits wagered resulting from coins and bank notes in the drop box, plus the value of any electronic money transfers made to the slot machine through the use of a cashless wagering system. Hotels & Leisure Industry
Hotel & Leisure Term
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_Slot Machine
traditional gaming machines operated by a single player and electronic multiple-player gaming machines. Hotels & Leisure Industry International Game Technology
Hotel & Leisure Term
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_Slot machine win per unit per day
equals the drop amount less fills to the slot machine and jackpot payouts. Hotels & Leisure Industry
Hotel & Leisure Term
Letter: S