Personal Finance Terms

  1. Shared Equity Mortgage

  2. Shared-Appreciation Mortgage - SAM

  3. Shareholder Value Transfer - SVT

  4. Shell Corporation

  5. Shell Lease

  6. Sheriff's Sales

  7. Shoestring

  8. Short Refinance

  9. Short Sell Against the Box

  10. Short Tax Year

  11. Short-Term Loss

  12. Short-Term Paper

  13. Shotgun Clause

  14. Showrooming

  15. Shrinkage

  16. Side Collateral

  17. Signature Loan

  18. Signing Bonus

  19. Silent Automatic Lien

  20. Silent Bank Run

  21. Silent Partner

  22. Silent Second Mortgage

  23. Siliconaires

  24. Silver Parachute

  25. Simple Interest

  26. Simple Interest Bi-Weekly Mortgage

  27. SIMPLE IRA

  28. Simple-Interest Mortgage

  29. Simplified Employee Pension - SEP (Simplified Employee Pension IRA)

  30. Simultaneous Closing - SIMO

  31. Sin Tax

  32. Single Filer

  33. Single Interest Insurance

  34. Single Net Lease

  35. Single-Life Payout

  36. Single-Premium Deferred Annuity - SPDA

  37. Single-Premium Life Insurance

  38. Six Forces Model

  39. Sixteenth Amendment

  40. Skimming

  41. Skip Account

  42. Skip-Payment Mortgage

  43. Sliding Scale Fees

  44. Slumburbs

  45. Small And Midsize Enterprises - SME

  46. Small Business Administration - SBA

  47. Small Business Development Center - SBDC

  48. Small Business Investment Company - SBIC

  49. Small Business Job Protection Act Of 1996

  50. Small Business Lending Index - SLBI

  51. Small Corporate Offering Registration - SCOR

  52. Small Office/Home Office - SOHO

  53. Small Saver Certificate - SSC

  54. Smishing

  55. Snowball

  56. Soccer Mom Indicator

  57. Social Audit

  58. Social Capital

  59. Social Commerce

  60. Social Entrepreneur

  61. Social Good

  62. Social Identity

  63. Social Impact Statement

  64. Social Media

  65. Social Sciences

  66. Social Security

  67. Social Security Act

  68. Social Security Administration - SSA

  69. Social Security Benefits

  70. Social Security Number - SSN

  71. Social Security Tax

  72. Social Security Trust Fund

  73. Social Welfare System

  74. Soft Commissions

  75. Soft Inquiry

  76. Soft Metrics

  77. Soft Paper Report

  78. Soft Sell

  79. Sole Proprietorship

  80. Solidarity Tax

  81. Solvency Capital Requirement

  82. Sotheby's

  83. Sovereign Credit Rating

  84. Sovereign Debt

  85. Special Assessment Tax

  86. Special Finance

  87. Special Item

  88. Special Needs Child

  89. Special Needs Trust

  90. Special Revenue Fund

  91. Special Warranty Deed

  92. Specific-Shares Method

  93. Specified Investment Flow-Through Tax - SIFT

  94. Spending Phase

  95. Spice Trader

  96. Split Payroll

  97. Split-Funded Annuity

  98. Spoofing

  99. Spot Loan

  100. Spousal Beneficiary Rollover

Hot Definitions
  1. Treasury Inflation Protected Securities - TIPS

    A treasury security that is indexed to inflation in order to protect investors from the negative effects of inflation. TIPS are considered an extremely low-risk investment since they are backed by the U.S. government and since their par value rises with inflation, as measured by the Consumer Price Index, while their interest rate remains fixed.
  2. Gilt-Edged Switching

    The selling and repurchasing of certain high-grade stocks or bonds to capture profits. Gilt-edged switching involves gilt-edged security, which can be high-grade stock or bond issued by a financially stable company such as the Blue Chip companies or by certain governments.
  3. Master Limited Partnership - MLP

    A type of limited partnership that is publicly traded. There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.
  4. Class Action

    An action where an individual represents a group in a court claim. The judgment from the suit is for all the members of the group (class).
  5. Retail Sales

    An aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. In the U.S., the retail sales report is a monthly economic indicator compiled and released by the Census Bureau and the Department of Commerce.
  6. Okun's Law

    The relationship between an economy's unemployment rate and its gross national product (GNP). Twentieth-century economist Arthur Okun developed this idea, which states that when unemployment falls by 1%, GNP rises by 3%. However, the law only holds true for the U.S.
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