Computer software that is distributed for free and which is usually usable for a trial period after which a voluntary or mandatory payment is requested. … [Read more...] about SHAREWARE
SHARES OUTSTANDING
The number of shares that are held by the stockholders. … [Read more...] about SHARES OUTSTANDING
SEVERALTY
title to an estate. An estate in severalty is one which is held by the tenant in his own right only, without any other being joined or connected with him in point of interest, during the continuance of his estate. Law Dictionary - Alternative Legal Definition A state of separation. An estate In severalty is one that is held, by a person in his own right only, without any bthet … [Read more...] about SEVERALTY
SEVERANCE PAY
An amount paid to employees who are laid off, typically between two weeks and two months salary. Unless there are large layoffs that may be subject to federal or state law or an amount promised in an employment contract or handbook, there is no legal obligation for an employer to pay the employee severance. … [Read more...] about SEVERANCE PAY
SEVERAL LIABILITY
When a party is responsible only for that party's obligation, separate from the obligation of another party. Thus if there are joint owners of car who are severally liable for the whole auto loan, a plaintiff can bring a lawsuit against that one party without having to bring a separate lawsuit against the other party. … [Read more...] about SEVERAL LIABILITY