Sum of Squares
Overview – The sum of squares (SS) is a basic statistical measure of variability: it quantifies how far observations are from a reference value…
Substantially Equal Periodic Payment (SEPP)
A Substantially Equal Periodic Payment (SEPP) plan lets you take money out of a qualified retirement account before age 59½ without paying the usual…
Subsidy
Key takeaways – A subsidy is a government-provided financial benefit to individuals, firms, or institutions intended to reduce costs, encourage activity, or transfer income.…
Subrogation
Subrogation is an insurance legal right that allows an insurer—after paying a policyholder’s covered loss—to step into the policyholder’s shoes and pursue recovery from…
subprime mortgage
• A subprime mortgage is a home loan made to a borrower with a below‑prime credit profile (typically lower FICO scores, thin credit files,…
sublease
• A sublease (or subletting) is when an existing tenant (the sublessor) rents all or part of their leased property to a third party…
Student Loan Forgiveness
Key takeaways – Student loan forgiveness (also called cancellation) relieves a borrower of some or all of their federal student loan obligation. It generally…
Structural Unemployment
Key takeaways – Structural unemployment is long-lasting joblessness caused by a fundamental mismatch between workers’ skills/location and employers’ needs — not by the business…
Strike Price
A strike price (also called an exercise price) is the preset price at which the holder of an option can buy (call) or sell…
Stress Testing
Key takeaways – Stress testing is a forward-looking analytical technique that simulates adverse events to reveal vulnerabilities in systems, portfolios, processes, or products. (Investopedia)…