Glosario | Françoise Clementi

slush fund

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An amount of money that an organization, business, or political party uses for illegal purposes.(source: macmillandictionary.com ) related: black money

small and medium-sized enterprise [SME]

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The category of micro, small and medium-sized enterprises (SMEs) ismade up of enterprises which employ fewer than 250 persons and whichhave an annual turnover not

small landholding

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Small farm.

skills

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The learned capacity to carry out pre-determined results often with the minimum outlay of time, energy, or both. (source: http://en.wikipedia.org/wiki/Skill)

signature authentication

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Legal act whereby an authorised person certifies the authenticity of a signature on any given document.

simple interest rate

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Simple interest rate is calculated only on the original principal, which means the accumulated interest from previous time periods is not added during the calculations

simple living

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A number of different voluntary practices to simplify one’s lifestyle. These may include reducing one’s possessions or increasing self-sufficiency, for example. Simple living may be

Single Euro Payments Area [SEPA]

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The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. As of November

single-premium insurance

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An insurance plan in which a lump sum of cash is paid up front to guarantee payment to beneficiaries. (source: http://www.investopedia.com/terms/s/single-premium-life-insurance.asp)