sale agreement
Contract signed by buyer and seller stating the terms and conditions under which a property will be sold.

satisfaction
The payment of a debt that satisfies an obligation.

sea trial
An on-the-water test of a boat prior to the purchase of that boat.

servicing (or loan administration)
The collection of loan payments from borrowers plus related responsibilities.

settlement
see closing.

settlement costs
See closing costs.

settlement sheet
The computation of costs payable at closing which determines the seller's net proceeds and the buyer's net payment.

simple interest
Interest that is computed only on the principal balance.

sticker price
The manufacturer's suggested retail price for a vehicle. Also called "list price" or "MSRP"

survey
see marine survey.

surveyor
see marine surveyor.

swing loan
see bridge loan.