That portion of the residual value of an asset representing the value of parts reclaimed for future use after retirement of the asset. A relatively small quantity of material, or an individual object, from which the quantity of the mass, group, bulk, etc. which it represents may be inferred. A specimen, a small quantity presented or sold to buyers as a specimen of goods offered for sale. Scheduled Overtime Overtime experienced by a contractor through their usual business operations. Any resulting overtime premium costs are usually included in the contractor's overhead account.
Seal See under seal .
Secured Creditor A person holding a mortgage, pledge, charge, lien or privilege on or against the property of the debtor as security for a debt, or a person whose claim is based upon, or secured by, a negotiable instrument held as collateral security and upon which the debtor is only indirectly or secondarily liable. Seller's Market A seller's market is considered to exist when goods cannot easily be secured and when the economic forces of business tend to cause goods to be priced at what the seller considers the market will bear. The net selling price to the buyer after all discounts. Sensitive contract Includes all contractual processes that require or will require access to designated or classified information, assets or controlled areas by the contractor or its employees in the performance of the contract. A contract may be designated or classified for security reasons even though the contract documentation itself is not sensitive.