What Is Skewness? Skewness is a measurement of the distortion of symmetrical distribution or asymmetry in a data set. Skewness is demonstrated on a bell curve when data points are not distributed symmetrically to the left and right sides of the median on a bell curve. If the bell curve is shifted to the left
What Is Skilled Labor? Skilled labor is a segment of the workforce that has specialized know-how, training, and experience to carry out more complex physical, or mental tasks than routine job functions. Skilled labor is generally characterized by higher or specialized education, as well as expertise levels attained through training and experience, and likewise generally
What Is a Skilled Nursing Facility? A skilled nursing facility is an in-patient rehabilitation and medical treatment center staffed with trained medical professionals. They provide the medically-necessary services of licensed nurses, physical and occupational therapists, speech pathologists, and audiologists. Skilled nursing facilities give patients round-the-clock assistance with healthcare and activities of daily living (ADLs). There
What Is a Skip-Payment Mortgage? A skip-payment mortgage is a home loan product that allows a borrower to skip one or more payments without any penalty. The interest accrued during the skipped periods will instead be added to the principal, and monthly payments will then be recalculated once they resume. Skip-payment mortgages are most common
What Is a Skip Account? A skip account, sometimes called a “skip,” is a borrower who defaults on a loan, which can include bail bonds, and “skips town” to avoid repayment without providing a correct forwarding address. Skip tracers are collection agents hired by lenders and bail bondsmen to find skip accounts and collect the
What Is Slander? The term slander refers to false statements made by one party against another. Slander is communicated verbally with the intent to defame the subject of the statements. Put simply, slander is a legal term used to describe defamation or the act of harming a person or business’s reputation by telling one or
What Is the Student Loan Interest Deduction? The student loan interest deduction is a federal income tax deduction that allows borrowers to subtract up to $2,500 of the interest paid on qualified student loans from their taxable income. It is one of several tax breaks available to students and their parents to help pay for higher
What Is a Slow Market? A slow market is a market with low trading volumes and/or low volatility, or a market in which trade orders are not being filled as fast as possible. It may also be used to describe a market with few initial public offerings (IPO) or secondary offerings in the stock market
What Is the Sri Lankan Rupee (LKR/SLR)? The Sri Lankan Rupee is the official currency of the Democratic Socialist Republic of Sri Lanka, which was known as Ceylon prior to 1972. SLR is the commonly used currency abbreviation for the Sri Lankan rupee, although the international currency code for the currency is LKR. Key Takeaways
What Is a Slush Fund? A slush fund is a sum of money that is set aside as a reserve. In accounting, a slush fund is a general ledger account of commingled funds that does not have a designated purpose. In more sinister cases, a slush fund may be used as a “black fund,” which is unaccounted
