Business Letters Index


Commercial Terms starting with S.





Salvage : Peoperty saved from a fire or a wreck


Salvage Tender : A tender presented to an officer with seals, to be opened on the day fixed for the purpose.


Second of Exchange : The second copy of a bill of exchange marked ‘Second’


Secured Creditor : A creditor who has collateral security in the form of personal or real property for a sum due to him.


Shareholder or stockholder : The owner of a stock certificate, a part owner of the corporation.


Sight bill : A bill payable on sight, as soon as it is presented.


Sight Draft : A cheque or draft on bank, commercial house or debtor, which demands payment immediately upon presentation.


Sleeping partnership : Only one in which capital is furnished and no active part is taken in business.


Slump : A period of bad trade caused by lack of demand for commodities.


Solvency : The ability to discharge all the debts and obligation in full.


Special Agent : An agent whose power to act for his principal are limited.


Speciality : An article dealt in chiefly or exclusively.


Spot Price : The price for goods or securities in the hope of making a profit from the change in price.


Stock Exchange : A place where stocks and bonds are purchased and sold through brokers under definite rules and at regular hours.


Syndicate : A combination of persons or firms to achieve a common business purpose.


Commercial Terms beginning with...


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