Senior lien refers to security interests in an investment that get repaid before other liens. Typically, senior liens are the first liens issued with debt on an investment. Later investors also have a lien on the property, but if the debtor...
commercial transactions
shelf offering
Shelf offerings are a public offering of securities where the issuer can make multiple offerings based on the same prospectus, known as the core prospectus, as opposed to filing a new registration statement with every offering. Also referred...
shelf registration
See: shelf offering
[Last updated in January of 2022 by the Wex Definitions Team]
Sherman Antitrust Act
Sherman Antitrust Act of 1890 is a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace. It outlaws any contract, conspiracy, or combination of business interests in restraint of...
Sherman v. Sherman, 330 N.J. Super. 638 (Ch.Div. 1999)
Sherman v. Sherman, 330 N.J. Super. 638 (Ch.Div. 1999), is a case regarding who controls the disposition of a corpse, with the court applying state legislation instead of common law principles on disposition.
Background...
silent partner
A silent partner is also known as a dormant partner; an investor who becomes a member of a partnership by virtue of capital contribution, but plays an inactive role in the daily operation and management of the business. A silent partner is...
smaller reporting company
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...
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...
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...Standard and Poor’s 500 (S&P 500)
Standard and Poor’s 500 (S&P 500) is an index of the 500 largest U.S. public companies. It measures companies’ size by their market capitalization. The S&P 500 is generally seen as a gauge as to how America’s largest companies and...