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.
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