Archives: Terms

Definition of Shop Steward A shop steward is a representative of a labor union within a workplace. The steward acts as an intermediary between the union members and the management of the organization. Their primary role includes addressing workers’ grievances, ensuring the terms of the union agreement are upheld, and […]

Definition of Shoe-Leather Costs of Inflation Shoe-leather costs refer to the costs associated with the increased frequency of transactions that result from high inflation. When inflation is high, holding money becomes costly because the purchasing power of money decreases over time. As a result, individuals and businesses tend to minimize […]

Definition of Shock An economic shock refers to an unexpected or unpredictable event that affects an economy, either positively or negatively. Such shocks can originate from various sources including natural disasters, geopolitical events, technological breakthroughs, or sudden changes in economic policies. Shocks can disrupt the normal flow of economic activities, […]

Definition of the Sherman Act The Sherman Act, passed in 1890, is a landmark federal statute in the field of competition law. It was the first United States law to address issues of economic monopolies and anti-competitive practices. The Act aims to preserve fair competition in the marketplace, prohibiting business […]

Definition of Sheltered Monopoly A sheltered monopoly is a type of market structure where a single firm operates with no significant competition due to protective factors or barriers. This monopoly is often “sheltered” from competitive forces by means of government regulation, geographical isolation, or other barriers to entry that prevent […]

Definition of Shell Company A shell company is a business entity that is created to hold funds and manage another entity’s financial transactions without having any significant independent operations or assets of its own. Essentially, a shell company is an empty corporate structure that typically does not engage in any […]

Definition of Shark Repellent Shark repellent, in the context of corporate finance and business, refers to strategies employed by companies to prevent or discourage unwanted takeover attempts. Essentially, these are defensive measures designed to make the company less attractive or harder to acquire by potential hostile bidders. These tactics may […]

Definition of Shareholder A shareholder, also known as a stockholder, is an individual, institution, or entity that legally owns one or more shares of stock in a public or private corporation. Shareholders have a claim on a portion of the company’s assets and earnings, proportional to the number of shares […]

Definition of Sharecropper Sharecropping is an agricultural system where landowners permit a tenant to use the land in exchange for a share of the crops produced on that land. Sharecroppers are the tenants who cultivate the land and share the harvested crops with the landowner, typically splitting the yield in […]

Definition of Share Register A share register, also known as a shareholder register, is an official record maintained by a company of the names, addresses, and shareholdings of each of its shareholders. This document serves as a vital tool for companies to track the ownership of their shares and ensure […]