Category: L

Insurance coverage for a property owner renting/leasing to a tenant, acting as the landlord.

Previous tender identical or similar items’ agreed-to prices.

A potential market with ready consumers identified for a product or service not yet offered. Finding this potential helps a company move towards new products or services with building demand. The first

Purchasing power doctrine preaching parity where the real purchasing power of different currencies trends to equalize differing inflation rate in the respective countries, forcing a similar price in each country for commodities

Action of water soluble substances like calcium, fertilizers, or pesticides, dissolving in available water, typically rain, and washing out soil as a waste. Leached-out chemicals, known as leachites, are considered to be

Training an individual who may or may not use learned skills in a leadership position to be a leader. Teaching of how-to-lead qualities, communication, ability to motivate others, and management skills.

Formal document listing the owner, renter, asset involved, payment, terms and conditions of the lease.

Exclusive claim or right to a time-limited-time owning and using a land parcel or other asset. Contrast to a freehold interest; it is for an undetermined period. Agreed-to by written lease. A

Lawful pursuit for justice or decision under the law, typically leading to proceeding within the jurisdiction’s court system. An entity accuses another for a unlawful action, to protect an entity’s rights from

Law provides specific remedy or damages for property damage, bodily harm, or violation of a right.

Social perspective of a legal rule’s validity being authorized by law and socially accepted versus being based on natural or moral law. View of man-made law as posited by man for man,

Lawfully certified weight based on the use of a lawfully certified scale or weight counterbalance. An article’s unit weight is calculated by adding the article’s basic weight and the wrapping and container

Law passed to prevent consumers from being stuck with non-performing, unwanted products.

Rent real estate to a tenant. Contrast to subletting. Here the tenant rents the property to a different tenant.

An importer self-obligates accepting a bill of exchange and, on its presentment at a certain bank, paying the stated amount, as documented in this letter. Securing that bank’s acceptance of an exporter’s

Entity assignment as estate administrator or executor by this court -issued document. Necessary if no will (intestate) for the deceased’s estate. Refer to Letters of Administration.

Smooth flow of production over a period driven by sales and production departments agreeing on a fixed level of output volume and output duration. Minimal disruptions from sudden demand-level changes needed. Matching

Credit owed as an accounting statement account. It tracks debts owed to banks, vendors, employees and other creditors,

Individuals lacking the experience to be certified yet meet the state requirements for licensing as a real estate appraiser.

A process for managing system software, hardware, and support over the life of a system. In this process, the focus is on the initial development and implementation stages as projects expend at