S

  • “Social security” tax paid fully by the wage earner.  The IRS allows ministers to either have the local church withhold FICA taxes and treat them as a regular employee or to file as a self-employed person and pay the full SECA tax.  This tax is figured on both wages and housing allowance.
  • A loan that is borrowed against a particular asset, known as security; if a person cannot make the repayments when they are due, the lender can take ownership of the asset.
  • A document; historically, a physical certificate but increasingly electronic, showing that one owns a portion of a publicly-traded company or is owed a portion of a debt issue.
  • A person who owns a share or shares in a company.
  • A person who signs a document, such as an application form or check.
  • The involuntary fee levied on individuals' income by the state government. Each of the states have their own tax commission and tax laws & forms.
  • An option to buy or sell a specific number of shares of stock at a fixed price until a specified date.
  • A formal document that orders a named individual to appear before a duly authorized body at a fixed time to give testimony.
  • The paper that tells a defendant that he or she is being sued and asserts the power of the court to hear and determine the case. A form of legal process that commands the defendant to appear before the court on a specific day and to answer the complaint made by the plaintiff.
  • An extra charge by a bank or credit union if a customer does not keep to their agreement.
  • The sum that an insurance company pays a policyholder when they cancel a life insurance policy before its date of maturity; this value is usually lower than the value of the policy when it matures.