Salary Reduction Contribution
What is a salary reduction contribution A salary reduction contribution is an arrangement between an employer and an employee whereby the employee agrees to have a portion of their salary set aside into a retirement account before taxes are deducted. This has the effect of reducing the employee's taxable income, which can result in significant tax savings. Salary reduction contributions...
Salomon Brothers
DefinitionSalomon Brothers was an investment bank founded in 1910 by three Jewish-American brothers along with a clerk named Ben Levy, it remained a partnership until the early 1980s, when it was acquired by the commodity trading firm Phibro Corporation and became Salomon Inc. Eventually, Salomon was acquired by Travelers Group in 1998; and, following the latter's merger with Citicorp...
Stochastic Oscillator
DefinitionIn technical analysis of securities trading, the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr. George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points...
Sanku (Three Gaps) Pattern
What is 'Sanku (Three Gaps) Pattern' The Japanese word for a candlestick pattern that consists of three individual gaps located within a well-defined trend. After the appearance of the third gap, the pattern is used to suggest an impending reversal in the direction of the current trend. Explaining 'Sanku (Three Gaps) Pattern' This pattern...
Safety-First Rule
What is 'Safety-First Rule' Within the context of post-modern and modern portfolio theory, a safety-first rule involves creating a portfolio based on a minimum level of portfolio returns, which is called the minimum acceptable return. By setting up a minimum acceptable return, investors will mitigate the risk of not achieving their investment objective. Explaining 'Safety-First...
Salomon Brothers World Equity Index (SBWEI)
What is 'Salomon Brothers World Equity Index - SBWEI' An index that measures the performance of fixed-income and equity securities from domestic and international markets that consist of companies with a float of at least $100 million. Explaining 'Salomon Brothers World Equity Index - SBWEI' The Salomon Brothers World Equity Index uses a top-down approach...
Sample Selection Bias
DefinitionIn statistics, sampling bias is a bias in which a sample is collected in such a way that some members of the intended population are less likely to be included than others. It results in a biased sample, a non-random sample of a population in which all individuals, or instances, were not equally likely to have been selected. If...
Sarbanes-Oxley Act Of 2002 (SOX)
What is the 'Sarbanes-Oxley Act Of 2002 - SOX' The Sarbanes-Oxley Act of 2002 (SOX) is an act passed by U.S. Congress in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations. The SOX Act mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud. The SOX Act was created...
Sales Mix Variance
What is the 'Sales Mix Variance' Sales mix variance is the difference between a company’s budgeted sales mix and the actual sales mix that the firm sells to customers. Sales mix is defined as the proportion of each product a business sells, relative to total sales, and sales mix impacts total company profit, because some products generate...
Savior Plan
What is 'Savior Plan' When management and employees borrow money to invest in their failing company in an attempt to save it. Essentially, a savior plan precedes a management and employee buyout. Explaining 'Savior Plan' After a savior plan is put into place, one could say that the company is "employee-owned". This type of...