What Is a Soft Paper Report? A soft paper report is a reference to a lack of confidence in a report’s facts or general disrespect for a report’s author. A soft paper report has only one use—as toilet paper—which is how its name was derived. Key Takeaways A soft paper report is a report whose contents
What Are Soft Skills? Soft skills are character traits and interpersonal skills that characterize a person’s relationships with other people. In the workplace, soft skills are considered to be a complement to hard skills, which refer to a person’s knowledge and occupational skills. Sociologists may use the term “soft skills” to describe a person’s emotional
What Is Software as a Service (SaaS)? SaaS is a licensing model in which access to software is provided on a subscription basis, where the software is located on external servers rather than on servers located in-house. Software as a Service is commonly accessed through a web browser, with users logging into the system using
What Is a Sold-out Market? In finance, the term “sold-out market” refers to a situation in which most investors have already sold or closed out their positions. As a result, the market may lack the liquidity necessary to remain viable. A common example of a sold-out market would be when a commodity futures contract has
What Is a Sole Proprietorship? A sole proprietorship—also referred to as a sole trader or a proprietorship—is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business. Many sole proprietors do business under their own names because creating a separate business or trade name isn’t necessary.
What Is a Solidarity Tax? A solidarity tax is a government-imposed tax that is levied in an attempt to provide funding towards theoretically unifying (or solidifying) projects. The tax acts in conjunction with income taxes and places an additional burden on taxpayers, including individuals, sole proprietors, and corporations. Key Takeaways A solidarity tax is an
What Is the Solow Residual? The Solow residual is based on the work of Nobel prize-winning economist Robert Solow, whose growth model defined productivity growth as rising output with constant capital and labor. It tells you whether an economy is growing because of increases in capital or labor, or because those inputs are being used
What Is Solvency? Solvency is the ability of a company to meet its long-term debts and financial obligations. Solvency can be an important measure of financial health, since it’s one way of demonstrating a company’s ability to manage its operations into the foreseeable future. The quickest way to assess a company’s solvency is by checking
What Is a Solvency Capital Requirement (SCR)? A solvency capital requirement (SCR) is the total amount of funds that insurance and reinsurance companies in the European Union (EU) are required to hold. SCR is a formula-based figure calibrated to ensure that all quantifiable risks are considered, including non-life underwriting; life underwriting; health underwriting; and market, credit, operational, and
What Is a Solvency Cone? A solvency cone is a mathematical model that considers the estimated impact of transaction costs when trading financial assets. The solvency cone, in particular, represents a range of possible trades or portfolios that can be traded at a specific time frame after taking the bid-ask spread into account. Key Takeaways
