What Is a Saitori? A saitori is a member of a Japanese stock exchange who is responsible for fulfilling market-making responsibilities and executing orders on behalf of stockbrokers. Their function is therefore similar to the specialists of the New York Stock Exchange (NYSE). The majority of saitoris are employed by the Tokyo Stock Exchange (TSE)
What Is a Salary Freeze? A salary freeze refers to when a company suspends salary or wage increases for a period of time, typically due to financial constraints. By freezing salary increases for a certain period, an employer is hoping that the organization will be able to produce better bottom-line results by keeping fixed costs
What Is a Sale? A sale is a transaction between two or more parties that involves the exchange of tangible or intangible goods, services, or assets for money. In some cases, assets other than cash are paid to a seller. In the financial markets, a sale can also refer to an agreement that a buyer
What Is a Sales and Purchase Agreement (SPA)? A sales and purchase agreement (SPA) is a binding legal contract between two parties that obligates a transaction to occur between a buyer and seller. SPAs are typically used for real estate transactions, but they are found in other areas of business. The agreement finalizes the terms
What Is a Sales Charge? A sales charge is a commission paid by investors on an investment in a mutual fund to the financial intermediary, such as a broker, financial planner, or investment advisor, responsible for effecting the transaction. This additional fee serves as compensation to the salesperson and is expressed as a percentage of
What Is Sales Mix Variance? Sales mix variance is the difference between a company’s budgeted sales mix and the actual sales mix. Sales mix is the proportion of each product sold relative to total sales. Sales mix affects total company profits because some products generate higher profit margins than others. Sales mix variance includes each
What Is Sales Per Share? Sales per share is a ratio that computes the total revenue earned per share over a designated period, whether quarterly, semi-annually, annually, or trailing twelve months (TTM). It is calculated by dividing total revenue by average total shares outstanding. It is also known as “revenue per share.” Key Takeaways Sales
What Are Sales per Square Foot? The dollar value of sales per square foot has, for many years, been a measure of success in the brick-and-mortar retailing industry. It is simply the average revenue earned for every square foot of sales space. In the age of “omnichannel” marketing, this number may be less relevant, at
What Was Salomon Brothers? Salomon Brothers was an American investment bank. It was founded in 1910 and was one of the largest investment banks on Wall Street, providing a range of financial services. It was best-known for its fixed-income trading department. The company went through a series of acquisitions and mergers between 1981 and 1997.
What Is Salvage Value? Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important component in the calculation of a depreciation
