Terms starting with S
The Securities Exchange Commission (SEC) is a U.S. government agency that oversees the securities markets and protects investors. Established by the U.S. Congress in 1934 as part of the Securities...
Shares Outstanding refers to the total number of shares of a corporation that have been issued and are held by shareholders, including both public investors and restricted company insiders. The...
Series B Funding is a stage in the capital-raising process of a startup. This definition encompasses the financing round following the Series A round, typically involving more substantial investment amounts...
Series A Funding is a term commonly used in the context of financing startups and early-stage companies. The definition of Series A Funding refers to the first significant round of...
SWOT Analysis is a strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to a business or project. The definition of SWOT Analysis involves...
Supplemental Payments in the context of insurance, may refer to additional costs that are covered by an insurer over and above the basic policy limits. These payments are part of...
Software-as-a-Service (SaaS) Liability may refer to the legal and financial responsibilities borne by providers of software-as-a-service platforms. In the context of commercial insurance, the definition encompasses the risks associated with...
Smart Contract Liability refers to the legal responsibilities and potential risks associated with the execution and operation of smart contracts. A smart contract is a self-executing contract with the terms...
System Downtime Coverage is a specific type of insurance coverage designed to protect businesses against financial losses that occur due to the unexpected unavailability or malfunctioning of critical IT systems...
Service Interruption Insurance is a specialized form of coverage designed to protect businesses against losses that may occur when essential services are disrupted. This type of insurance is particularly crucial...
Source Code Escrow is a service primarily used in the realm of software development and licensing. This arrangement involves the deposit of the source code of software with a third-party...
Source code theft refers to the unauthorized acquisition, copying, or use of a software's source code without the permission of the rightful owner. This term may refer to various illicit...
Service Level Agreement (SLA) is a formal document that defines the level of service expected from a service provider. The definition of an SLA typically includes specific metrics by which...
Software Failure refers to the malfunction or underperformance of a software program or system, which fails to execute its intended functions or produces incorrect results. This type of failure can...
Software Development Errors may refer to mistakes or oversights made during the process of creating and maintaining software applications. These errors can arise from various stages of software development including...
Service Deficiency refers to a situation where the level or quality of service provided falls below the accepted or expected standards. This term is commonly used in various industries, including...
Subrogation Waiver is a term frequently encountered in insurance contracts, particularly in the realms of property and casualty insurance. The definition of subrogation waiver revolves around the relinquishment by an...
Settlements and damages refer to two primary methods of resolving legal disputes and compensating for harm or loss. This term may refer to the financial payments and agreements that arise...
Software piracy is the unauthorized copying, distribution, or use of software in violation of its license agreement or copyright. The definition of software piracy encompasses a wide range of activities...
A Software Agent refers to a computer program that performs automated tasks, acting on behalf of a user or other programs with some level of autonomy. The definition of a...
S1 Filing may refer to the filing of a Form S-1 with the U.S. Securities and Exchange Commission (SEC). Form S-1 is a registration statement used by companies that are...
SIEM Cyber Security stands for Security Information and Event Management in the field of cyber security. This term refers to the integrated approach that combines security information management (SIM) and...
Security Risk Management is a critical aspect of organizational governance that involves the identification, assessment, and prioritization of risks to security followed by coordinated and economical application of resources to...
Sensitive Data refers to any information that must be protected from unauthorized access due to its confidential, private, or proprietary nature. The definition of Sensitive Data encompasses a wide range...
A SOC Audit, short for Service Organization Control Audit, represents a critical framework for assessing and verifying the effectiveness of a service organization's controls relating to operations and compliance. The...
The Severability of Interests Clause is a provision in an insurance contract that may refer to the fact that the interests of two or more parties in a contract are...
Security Misconfigurations represent one of the most common vulnerabilities in the realm of cybersecurity, stemming from improper setup or lack of appropriate security controls within an organization’s software or hardware...
Supply Chain Attacks represent a sophisticated cyber threat that targets vulnerabilities in the supply chain network of an organization. The definition of Supply Chain Attacks encompasses the series of malicious...
Security Operations, often abbreviated as SecOps, encompasses the collective procedures, practices, and tools designed to proactively monitor, assess, and defend the information technology (IT) infrastructure of an organization against cyber...
Secrets Sprawl refers to the uncontrolled distribution and proliferation of sensitive information, such as passwords, API keys, SSL certificates, and other credentials, across an IT environment. This phenomenon occurs when...
Sub-Limits, in the context of insurance, refer to the specified caps within an insurance policy that limit the amount of coverage available for specific types of losses or claims, which...
The term Senior Executive Officer (SEO) may refer to a high-ranking executive in a company, organization, or government body who oversees the overall operations of the entity. It is a...
Social Inflation is a term that may refer to the rising cost of insurance claims due to increased litigation, jury awards, and settlements. It is a phenomenon that has been...
The term Special Investigative Unit (SIU) may refer to a number of different investigative entities, ranging from government agencies to private companies. In the most general sense, an SIU is...
A subsidiary, in the context of business and insurance, refers to a company that is owned either wholly or partially by another corporation, known as the parent company. The definition...
Subrogation is a fundamental concept in insurance law, playing a pivotal role in the claims process. The definition of 'Subrogation' involves an insurance company stepping into the shoes of the...
Special Perils in insurance terminology refers to a set of specific risks or hazards that an insurance policy covers. The definition of 'Special Perils' typically includes extraordinary or less common...
Social Engineering Fraud is a type of fraud that involves manipulating people into revealing confidential information or performing certain actions. It is a form of cybercrime that uses social engineering...
Speculative Risks may refer to risks that are taken with the potential for either profit or loss. In practical terms, these are risks that are taken with the intent of...
Startup Risks is a term that may refer to the various risks associated with starting up a business. These risks may include financial, operational, legal, and personnel risks, among others.
Security Threats, by definition, are any type of malicious activity or attack that could potentially cause harm or damage to an organization, its data or its personnel. Security threats may...
In the intricate landscape of insurance, particularly when dealing with Directors and Officers (D&O) policies, the term Side A Difference-in-Conditions (DIC) emerges as a crucial concept. At its core, Side...
Additional Side A Coverage is a term that may refer to a form of Directors and Officers (D&O) insurance that is designed to provide additional coverage beyond the traditional D&O...
Settlement Costs may refer to the expenses incurred by the insurer in closing a claim or dispute. The term 'settlement costs' can refer to any costs associated with the conclusion...
Severability is a legal concept that may refer to the ability to separate a single contract or statute into multiple parts. It is often used when one or more of...
Securities Class Action (SCA) is a legal action that may refer to a lawsuit brought by investors on behalf of themselves and other members of a class of people who...
Securities claims may refer to a set of legal rights which are held by the owner of a security. These rights may include the right to receive principal and interest...
Shareholder Derivative Suit may refer to a legal claim brought by a shareholder on behalf of a corporation against a third party. This type of lawsuit is typically initiated when...
Settlement Clause is a term that may refer to a clause in a Directors and Officers (D&O) insurance policy that outlines when and under what conditions the insurer is allowed...
Side C Coverage, also known as Entity Coverage, is a form of Directors and Officers (D&O) liability insurance. It is a type of insurance coverage that provides protection to the...
Side B Coverage may refer to a type of insurance policy designed to protect the personal assets of directors and officers (D&O) of a company. It is a supplemental policy...
A "standstill agreement" holds particular significance in the lexicon of Directors and Officers (D&O) terminology. By definition, a "standstill agreement" is a formal arrangement between two parties, usually a company...
Side A Coverage is a type of insurance that may refer to the protection of individual directors and officers from personal financial loss due to claims brought against them. It...
Short rate cancellation, in the realm of commercial insurance, refers to a provision that allows an insurance company to charge a penalty when a policyholder cancels their insurance policy before...
SIR insurance, in the realm of commercial insurance, refers to a type of coverage known as a self-insured retention or a self-insurance retention. It is a risk management strategy where...
Subjectivities, in the realm of commercial insurance, refer to the aspects of an insurance policy that are open to interpretation or judgment. They are the factors or criteria that can...
Settlement options, in the realm of commercial insurance, refer to the choices available to policyholders when it comes to receiving the proceeds from an insurance claim. When a covered loss...
Speculative risk insurance, also known as speculative risk coverage, protects against risks associated with speculative activities or ventures. Speculative risk involves situations where there is a potential for both gain...
Spread of risk is a term used to describe how insurance companies minimize their risks by writing policies for many different policyholders. Spreading risk generally means offering insurance in multiple...
Supplementary payments in insurance refer to additional financial provisions made by an insurance company to the policyholder beyond the basic coverage. These payments are typically made to cover certain expenses...
"Stacking insurance" refers to a practice in which an insured individual or business combines or accumulates coverage from multiple insurance policies to increase their total coverage limits or potential benefits....
A Special Flood Hazard Area, often referred to as SFHA, is a term used in the realm of insurance and floodplain management. It is a defined geographic area that may...
Sliding scale insurance, a noteworthy concept in the realm of insurance, refers to a policy or program where the cost of coverage is determined based on the policyholder's ability to...
Surplus lines may refer to insurance policies not offered through the traditional market and categorized as non-admitted insurance. These policies are typically purchased by individuals or businesses who cannot obtain...
Social engineering refers to the use of psychological manipulation to deceive or trick people into divulging sensitive information or taking certain actions that they would not normally take.
A breach, particularly with regards to network security, is an unauthorized or illegal attempt to access, steal, damage, or destroy computer systems, networks, devices, or data. The bad actors achieve...