Selective Credit Control (SCC)

Control of credit flow to borrowers dealing in some essential commodities to discourage hoarding and black-marketing.

Senior Debt

Debt which, in the event of bankruptcy, must be repaid before subordinated debt receives any payment.

Serial Bonds

Bonds that mature at specified intervals.

Series Bond

Bond which may be issued in several series under the same indenture.

Service Charge

A fee paid for using a service.

Service Provider

The organization which provides the outsourced service.

Short-term Loan

Loan to a business for less than one year, usually for operating needs.

Sinking Fund

A fund to which a firm makes a periodic contribution to facilitate retirement of debt.

Special Purpose Vehicle

A legal corporate entity created to buy loans from banks. It finances itself with securities issued to investors.


Any individual or group who has an interest in a firm; in addition to shareholders and bondholders, includes labour, consumers, suppliers, the local community, and so on.

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