Syndicate

Key takeaways – A syndicate is a temporary alliance of businesses or individuals that pools resources and shares risk to complete a transaction that…

Symmetrical Distribution

Introduction A symmetrical distribution is a probability or frequency distribution in which values occur at regular frequencies around a central point so that the…

Switching Costs

Switching costs are the extra costs—financial, time, effort, psychological, or operational—that a customer (or business) faces when changing from one product, service, supplier, or…

Swingline Loan

A swingline loan is a very short‑term borrowing facility that gives a borrower immediate access to cash, usually as a sub‑limit of a larger…

Sweep Account

A sweep account is a checking or brokerage account feature that automatically moves (“sweeps”) money that is above or below a preset threshold into…

Swap Rate

The swap rate is the fixed interest rate agreed between two parties in an interest rate swap (IRS). In an IRS one party pays…

Swap Execution Facility Sef

A Swap Execution Facility (SEF) is a regulated electronic trading venue that brings together multiple buyers and sellers so they can execute swaps in…

Survivorship Bias

Survivorship bias (or survivor bias) is the tendency to evaluate the performance or characteristics of a group by looking only at the members that…

Surplus

Key takeaways – A surplus exists whenever supply (of goods, income, or resources) exceeds current demand or need. – In economics, surplus splits into…

Surplus Lines Insurance

Surplus lines insurance (also called excess & surplus or E&S insurance) is property/casualty coverage written by carriers that are not “admitted” (i.e., not licensed)…