Stagflation

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A situation in which there is a slow economic growth along with high inflation and high unemployment.

Stakeholder

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A person or group, such as shareholders, customers, employees, suppliers, etc., with a vested interest in, and can affect the success of, a company or organisation, or successful completion of a project, e.g-

Stamp Duty

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Called Stamp Tax in the US. A stamp which must be put onto certain documents, contracts, etc., to show that he tax has been paid when property, land, etc., has been sold.

Standing Order

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In the UK. an instruction given to a bank to debit a fixed amount of money from an account, usually every month on the same date, to pay a bill, mortgage, etc.

Standing Room Only

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A sales technique in which a company or individual selling a product gives the impression that many people wish to buy the product, encouraging people to purchase it immediately in case it sells out and they don’t get another chance.

State Benefit

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In the UK, money given by the government to people who don’t have enough funds to live on and need financial assistance, often because they are unemployed or too ill to work.

State Of The Art

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The highest level of development and/or technology applied to a product or service which is currently available.

Status Enquiry

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In the UK, a request made to a bank asking for a report on a person’s financial status, i.e., whether they can repay a loan, mortgage, etc.