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K B

An abbreviation for “King’s Bench,” (g. v.)

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K C

An abbreviation for “King’s Counsel.”

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K-COMMERCE

Knowledge Exchange as the basis of an economy where knowledge capital is the defacto currency, an underlying premise in knowledge-based economies .

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KABANI

A person who, in oriental states, supplies the place of our notary public. All obligations, to be valid, are drawn by him; and he is also the public weigh-master, and everything of consequence ought to be weighed before him. Enc. Lond.

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KABL

In Saxon and old English law A man; a serving man. Buskarl, a seaman. Huskarl, a house servant. Spelman.

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KABOOLEAT

In Hindu law. A written agreement, especially one signifying assent, as the counterpart of a revenue lease, or the document in which a payer of revenue, whether to the government, the zamindar, or the farmer, expresses his consent to pay the amount assessed upon his land. Wils. Ind. Gloss.

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KAFFIRS

The stock of gold from South Africa sold directly to the UK.

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KAIA

A key, kay, or quay. Spelman.

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KAIAGE, or KAIAGIUM

A wharfage- due.

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KAIENDAR

An account of time, exhibiting the days of the week and month, the seasons, etc. More commonly spelled “calendar.”

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KAIN

In Scotch law. Poultry render- able by a vassal to his superior, reserved in the lease as the whole or a part of the rent Bell.

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KAIZEN

Small but continual improvements involving everyone from the chief executive to the lowest level workers achieves higher standards in quality enhancement and waste reduction. Mosaki Imai popularized it in his book ‘Kaizen: The Key To Japan’s competitive Success.’ Japanese term for a gradual approach.

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KAIZEN BUDGETING

A budgeting approach that includes product improvement costs. With the objective of reducing actual costs below standard costs, projected costs of improvement are already incorporated in the budget . Also refer to target costing.

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KAIZEN COSTING

Reducing product costs even if being produced. A process involving effective waste management, continuous product improvement and raw material price reduction. Cost minimization is a strategy in overall product cost reduction.

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KALALCONNA

A duty paid by shopkeepers in Hiudostan, who retail spirituous liquors; also the place where spirituous liquors are sold. Wharton.

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KALENDARIUM

In the civil law. A calendar; a book of accounts, memorandum- book, or debt-book; a book in which accounts were kept of moneys loaned out on interest. Dig. 32, 04. So called because the Romans used to let out their money and receive the Interest on the calends of each month. Calvin.

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KALENDS

In English ecclesiastical law. Rural chapters, or conventions of the rural deans and parochial clergy, which were formerly held on the calends of every month; hence the name. Paroch. Antiq. 604.

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KANGAROO COURT

the name that is given to an unauthorised court that is set up without legal power and authority that takes the law into its own hands.

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KARAT

Fineness, as a measure of the purity, of gold. It also indicate gold proportion in an alloy. UK spelling of both carat and karat is carat. Germany spelling is karat. 24 karats or a fineness of 1000 defines pure gold. One karat equals 41.66 fineness. 22 karat gold-alloy has 22 parts gold and 2 parts other metal, usually copper. Its fineness is 916.66, 91.666 percent pure gold. An 18 karat gold-alloy is 75 percent pure gold.

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KARL MARX

The foundation of communism evolved from this revolutionary socialist thinker. He strongly opposed capitalism, believing it would destroy societies by increasing tensions and disparity between workers and owners. His theories and ideas became very popular during the 19th century.

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