SOLUTE

Any material that is dissolved in another.

SOLUTION

Formed when a solid, gas, or another liquid in contact with a liquid becomes dispersed homogeneously throughout the liquid. The substance, called a solute, is said to dissolve. The liquid is called the solvent.

SOLVENCY CAPITAL REQUIREMENT (SCR)

The solvency capital requirement is the amount of funds that insurance and reinsurance companies are required to hold under the European Union’s Solvency II directive in order to have a 99.5% confidence they could survive the most extreme expected losses over the course of a year. The SCR incorporates risks such as non-life underwriting, life […]

SOLVENCY II

The European Union’s Solvency II directive came into effect in 2016, putting solvency risk at the heart of a harmonised regulatory framework for insurance firms across EU member states. Solvency II is a far-reaching programme of prudential regulations, which vary in severity depending on the riskiness and diversity of an insurer’s business. Similar to the […]

SONIA

Sonia, or the sterling overnight index average, is a reference rate published daily by the Bank of England that tracks the interest paid by banks on overnight unsecured transactions negotiated bilaterally in the interbank market or arranged via brokers.

SOOT

Carbon dust formed by incomplete combustion.

SOP

Share of Proceeds: In the context of the Convention on Biological Diversity (CBD) and its financial mechanism, the “Share of the Proceeds” refers to a mechanism for providing financial support to developing countries. Here’s how it generally works: 1. **Access and Benefit-sharing (ABS) Obligations**: Countries that are parties to the CBD have commitments related to […]

SORB

To take up and hold either by absorption or adsorption.

SORPTION

General term for the interaction (binding or association) of a solute ion or molecule with a solid.