OTHER TERMS BEGINNING WITH "S"

• Sales Ledger

  A sales ledger serves as a comprehensive record of a company's sales transactions, organized by date. It not only tracks the sales themselves but may also include adjustments for any credits issued, such as when customers return products. The details…

• Schedule of Accounts

  An accounting schedule is a document that provides details or proof for the information stated in a primary document. In business, accounting schedules are needed to provide proof for the ending balances stated in the general ledger.

• Seasonality

  Characteristic over time in which the data experiences predictable changes that recur every calendar year. Seasonality explains the fluctuation in demand for products used during different seasons.

• Secured Asset

  A secured asset refers to an item of value that has been pledged as collateral to secure a loan or credit facility. When a borrower obtains financing from a lender, they may be required to provide collateral to mitigate the…

• Secured Line of Credit

  A secured line of credit is a type of revolving credit facility that is secured by collateral provided by the borrower. It allows individuals or businesses to borrow funds up to a predetermined credit limit, withdraw funds as needed, repay…

• Secured Overnight Financing Rate (SOFR )

  SOFR stands for Secured Overnight Financing Rate, which is a benchmark interest rate that is used to price a variety of financial products, including loans, bonds, and derivatives.

• Senior Debt

  Senior debt refers to a class of debt that has priority over other types of debt in the event of a borrower's default or bankruptcy. It is considered less risky than other forms of debt, such as subordinated or junior…

• Shareholder Equity

  Shareholder equity, also known as stockholders' equity or shareholders' equity, represents the residual interest in the assets of a company after deducting its liabilities. It reflects the shareholders' ownership stake in the company and represents the portion of the company's…

• Small Business Financing

  Whether you are a start-up or existing company, there exists a type of small business financing to fund your dreams and growth. SBA loans, Invoice Factoring, Purchase Order Financing, Equipment leases, floor plan, and vendor financing are just a few…

• Small Business Loan

  A Small Business Loan is an all-encompassing term used to describe the many ways you can get funds to start or buy a business. Banks, factors, leasing companies, the seller of the company and FFF (Friends, Family & Fools) are…

• Special Assets Department

  Special Assets Department or Bank Workout Group is the department within a lender that handles business loans and other types of funding that are in trouble. When a business has experienced multiple quarters of loses, perhaps missed loan payments or…

• Statement of Work

  A Statement of Work (SOW) is a document, routinely employed in the field of project management, which defines project-specific activities, deliverables, and their respective timelines, all of which form a contractual obligation upon the vendor, in providing services to the…

• Stretch Financing (Stretch Loan)

  A stretch financing or sometimes called a stretch loan is a form of financing for a business that can be used to cover a temporary gap. The loan "stretches" over that gap, so the business can meet financial obligations until…

• Subordinated Term Loan

  A subordinated term loan or subordinated loan is debt that’s paid off after all principal loans are paid off, if there’s any capital left. It’s also known as subordinated debt, junior debt, or a junior security.

• Subordination Agreement

  A Subordination Agreement is when a creditor is placed in a lower priority for the collection of its debt from its debtor's assets than the priority the creditor previously had. In common parlance, the debt is said to be subordinated…

• Subsidiary Ledger

  A subsidiary ledger, also known as a subledger, is a detailed accounting record that provides additional information and breakdowns of specific types of transactions or accounts within a company's overall accounting system. Subsidiary ledgers are used to maintain detailed information…

• Supplier Finance

  Supplier finance, often referred to as reverse factoring or supply chain finance, is a financial arrangement designed to benefit both buyers and suppliers within a supply chain. It's a form of financing where a buyer arranges for a financial institution…

• Supply Chain Financing

  Supply chain financing, also known as supplier finance or reverse factoring, is a financial arrangement that involves the optimization of cash flow along the supply chain by providing early payment to suppliers or financing their receivables. It allows buyers to…

• Supply Chain Management

  Extended payment terms refer to the practice of allowing buyers to delay payment for goods or services beyond the standard payment period agreed upon with suppliers. Instead of making immediate payment upon receipt of goods or services, buyers are granted…

• Suppressed Availability

  Suppressed availability is a term used in finance to describe a situation where the availability of credit or financing is restricted or limited due to external factors. These factors can include economic conditions, changes in government regulations or policies, or…