SM glossary terms

Browse full definitions for every SM term in the Amicus glossary.

Small Business

/ˌsmɔːl ˈbɪznɪs/

Definitions

  1. (n.) An independently owned and operated enterprise with limited size and revenue, distinguished from larger corporations for purposes such as regulatory oversight, tax classification, and eligibility for specific government programs.
    The government provides tax incentives specifically tailored for a small business.

Forms

  • small businesses

Related terms

See also

Commentary

The legal definition of a small business often varies by jurisdiction and regulatory context; drafters should specify applicable thresholds or criteria when relevant.

Smart Contract

/ˌsmɑːrt ˈkɒntrækt/

Definitions

  1. (n.) A self-executing digital agreement with terms directly written into code that automatically enforces obligations.
    The parties entered into a smart contract that releases payment upon delivery verification.

Forms

  • smart contract
  • smart contracts

Related terms

See also

Commentary

Smart contracts differ from traditional contracts by automating performance and enforcement via code rather than relying on courts.

Smart Growth

/ˌsmärt ˈɡrōth/

Definitions

  1. (n.) A planning and development approach aimed at sustainable urban growth, emphasizing environmental protection, efficient land use, and community well-being.
    The municipality adopted smart growth policies to curb urban sprawl and promote public transit.

Forms

  • smart growth

Related terms

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Commentary

Smart growth is primarily a policy concept used in legal land use and environmental contexts, often embedded in statutes and regulations governing urban development.

Smuggling

/ˈsmʌɡlɪŋ/

Definitions

  1. (n.) The illegal importation or exportation of goods, often to avoid taxation or prohibition laws.
    The defendant was charged with smuggling counterfeit electronics into the country.
  2. (n.) The clandestine movement of people across borders in violation of immigration laws.
    Human smuggling has become a major concern for border security agencies.

Forms

  • smuggling

Related terms

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Commentary

Smuggling usually involves goods or people crossing borders unlawfully; distinguish from trafficking, which typically involves exploitation or coercion.

Smuggling of Migrants

/ˈsmʌɡlɪŋ əv ˈmaɪɡrənts/

Definitions

  1. (n.) The act of facilitating illegal entry of migrants into a country in violation of laws, typically for financial or material benefit.
    The defendant was charged with smuggling of migrants across the border.

Forms

  • smuggling of migrants

Related terms

See also

Commentary

Distinguish smuggling of migrants from human trafficking by the element of consent and exploitation; smuggling involves consent and ends with arrival, trafficking includes ongoing exploitation.

Glossary – SM Terms