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Economy, and the Public Accounts: Account

Shroffage, in Indian commerce is the scrutiny of coins and separation of the good from the debased, usually performed by a Shroff, or native banker. Simulate Account, a pro forma account.

Sinking-Fund, a portion of revenue annually or periodically set apart for the gradual extinction of a debt.

Société Anonyme, a French public company trading under a denomination indicative of its object, and composed of partners bound simply each to pay in his subscribed share, while it is represented by managers or directors personally irresponsible for the liabilities. Société en Commandite differs from the preceding in trading under a firm comprising the names of the managers, who are liable for all engagements, but with whom there are associated non-managing partners called commanditaires, free from all liabilities beyond the capital respectively invested by them. Société en nom Collectif, French company in which all the partners are jointly and severally responsible, even though their names do not appear in the firm. Solidarity (Fr.), joint responsibility.

Specialty Debt, Eng., a debt due or acknowledged by an instrument under seal. Specie, coined money.

Speculation is properly any transaction in which an individual buys in order to sell again; but the term is more commonly applied to transactions beyond the control of ordinary rules, or foreign to the proper business of an individual. Standard, the original weight or measure sanctioned by government. Staple, a term anciently applied to a public market; but now employed to designate the chief productions of a country.