Stare Decisis

Stare decisis (Latin: “to stand by that which is decided”) is the doctrine under which courts follow legal rulings made in earlier, similar cases.…

Standby Letter Of Credit Sloc

A standby letter of credit (SLOC or SBLC) is a bank-issued guarantee that a beneficiary (usually a seller, contractor, or lender) will be paid…

Standardization

• Standardization is a set of agreed rules, specifications, or procedures that parties in an industry or organization follow so products, services, or processes…

Standard Of Living

Key takeaways – Standard of living refers to the material well‑being of individuals or populations, measured by their access to necessities and goods (income,…

Stalking Horse Bid

A stalking horse bid is an initial, pre-arranged offer for the assets of a company in bankruptcy. The bankrupt estate (through its advisors) selects…

Stakeholder

A stakeholder is any person, group, or organization that has a vested interest—financial, operational, social, or legal—in the success, decisions, or activities of a…

Stagnation

Stagnation is a prolonged period of little or no economic growth. In practice it is typically defined as a stretch where real GDP growth…

Stable Value Fund

A stable value fund is a bond-based investment vehicle, commonly offered inside employer-sponsored retirement plans (for example, many 401(k) plans), that is structured to…

Social Security Administration Ssa

The Social Security Administration (SSA) is the U.S. federal agency that administers major social insurance and social assistance programs—most notably Social Security retirement, disability,…

Self Regulatory Organization Sro

Key takeaways – A self‑regulatory organization (SRO) is a private, member‑based body that creates and enforces industry rules and standards for its members. SROs…