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This glossary is a FREE SERVICE to assist the student and enthusiast alike to get a better understanding of financial terms, analyst industry jargon and monetary concepts. It is a free service to all internet users.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
  
Exact search         lion Contains the word      millions
Starts with word     lioness Ends with word          million
 
sales revenue (Turnover) Sales revenue is the product of the number of units sold and the price per unit, for all products. [Sales revenue = Number of units x Selling price]

salvage whatever is recovered of an insured item, or part thereof, on which a claim has been made

self-insurance insurance that a business organisation finances internally by establishing a fund to meet losses

severity how serious something will be when it does happen

short-term insurance insurance that operates on an annual basis, and which may be terminated by the insurer or the insured

speculative a financial asset or group of assets, or risks, with uncertain returns. The greater the degree of uncertainty the more speculative the asset or risk (such as betting on a racehorse in the stock exchange)

standard construction a building erected on foundations, constructed of bricks, stone, steel, with a concrete, tile or steel roof

statutory enacted, regulated or authorised by statute

subrogation the right of one party to stand in the place of another and assume the legal rights against a third party

sum insured the monetary limit of the insurer’s liability under a policy; or the insured value of an item or group of items

sustainable growth (sg) Sustainable growth is the maximum growth rate in the business measured by its growth in sales and net assets, which can be sustained within current operating and strategic parameters. [SG = Retained profit] [100/Opening equity]