Smaller reporting company is a class of reporting company which has relaxed Regulation S-K and Regulation S-X disclosure requirements.
Securities and Exchange Commission (SEC) Rule 12b-2 establishes the requirements for a...
commercial activities
smart grid
A smart grid refers to a range of energy policies designed to reduce peak energy load.
See: smartgrid.gov
[Last updated in June of 2024 by the Wex Definitions Team]
solvency
Solvency refers to the financial health of an individual or business, usually regarding whether the party has more assets than debt. More often, the word is used in the negative, termed insolvent, to refer to a business that is worth less...
Southern Life & Health Ins. Co. v. Morgan
Southern Life & Health Ins. Co. v. Morgan, 21 Ala. App. 5 (Ala. Ct. App. 1925), is an Alabama Court of Appeals case that established that spouses can lose their rights in the honoring of the deceased if they do not act within a reasonable...
spam
Spam is internet slang for unsolicited commercial email (UCE) or unsolicited bulk email (UBE). These emails are received involuntarily and usually contain advertisements for products or services. According to Indiana University, email spam...
Specially Designated Nationals and Blocked Persons List
The Specially Designated Nationals and Blocked Persons List (SDN List) is a compilation maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). It includes individuals, entities, and organizations with...
specific performance
Specific performance is a contractual remedy in which a court orders a party to fulfill their obligations as closely as possible to what was promised in the contract, rather than simply paying damages for failing to do so. This remedy is...
spend down
Spend down is a strategy to make someone eligible for Medicaid whose income is slightly higher than the income cap. In order to be eligible for Medicaid, a person’s income level must remain below a certain level. Spend down allows someone to...
sponsor
A sponsor refers to a person who takes the responsibility for another person or thing. The common uses of the term “sponsor” in a legal sense include:
In the context of legislation, a sponsor refers to a person who introduces or...sponsorship disclosure
Sponsorship disclosure is a legal requirement in radio, television, and more recently, social media, requiring stations and promoters to identify the sources of sponsored materials.
The Code of Federal Regulations defines...