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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
Letter: S
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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
