Simple English definitions for legal terms
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Term: SAR
Definition: SAR stands for Stock-Appreciation Right or Suspicious-Activity Report. A Stock-Appreciation Right is a type of financial benefit that some employees receive from their company. A Suspicious-Activity Report is a document that financial institutions must file with the government if they suspect that a customer is involved in illegal activities, such as money laundering or terrorism financing.
Definition: SAR is an abbreviation that can stand for two different things:
Examples:
The examples illustrate the two different meanings of SAR. In the first example, SAR refers to a type of financial incentive that rewards employees for the company's success. In the second example, SAR refers to a report that helps prevent illegal activity in the financial system by alerting the government to suspicious transactions.