COMMERCE

Superfund is the shorthand name often used to refer to the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). CERCLA is codified in 42 U.S.C. Chapter 103.

• environmental law violations; CERCLA

A supplier’s lien is a type of lien that grants a security interest in property to someone who supplies materials used in work performed on that property.

A surcharge is an added fee imposed on top of a tax, charge, or cost, often due to omission or as a penalty for a late payment.

A surety is a person or entity that assumes direct liability for another’s obligation.

A surety bond is a three-party bond agreement involving the principal (the one who needs the bond), the obligee (the one who requires it), and the 

Surrender value is the amount a policyholder receives when canceling or withdrawing funds from a life insurance policy or annuity before it matures or before the 

To swindle means to dispossess someone of money or property through fraud or deceit.

[Last reviewed in March of 2022 by the Wex Definitions Team]

• lawsuits-court
• criminal law

A syndicate is an association or a joint venture formed to achieve a common business objective. For example, a syndicate may be formed by a group of investment bankers to underwrite and distribute new shares.  

• llcs-corporations-partnerships

A takeover occurs when the controlling interest in a corporation shifts from one party to another.

• llcs-corporations-partnerships

A taking occurs when the government seizes private property for public use. It may be a physical taking, where the government occupies or acquires the property, or a regulatory taking, where government restrictions limit property use so severely that it becomes the equivalent of a physical seizure.

• property law
• government
• Fifth Amendment
• constitutional law