Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

JOURNAL PROPER

Miscellaneous credit transactions as original entries that do not fit into other recorded books. Books with used for opening entries, closing entries, transfer entries, adjustment entries, rectification entries, and rare transactions. Also

JUNIOR SUITE

A separate living / sitting area that is not a separate room is attached to a bedroom in this hotel accommodation.

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:

KERNING

Spatial adjusting between certain characters along a text line. Natural shape and slope improve character appearance. Letter combinations like WA and VA look awkward and slow smooth eye flow along a text

KEYED ADVERTISEMENT

Print ad coded in an advertisement address to identify the source of the query or order. The words ‘Dept. DN’, for example, may indicate ad placements in a newspaper named ‘Daily News.’

KILOWATT-HOUR (KWH)

Electrical power consumption measure of a standard unit equal to 1000 watts in an hour. Equivalent to 860 kilocalories, or 3412 British thermal units (Btu) as a measured consumption rate.

KNOWLEDGE CAPITAL

Experience, information, knowledge, learning, and skills of the employees of an organization tallied into expertise, high-capability. Knowledge capital is an essential component of human capital. Knowledge capital builds the longest lasting competitive

LABOR STANDARDS

Forecasting or analyzing labor performance as computed, estimated, or measured values. Examples of these are assembly time, operations per hour, output per unit of time.

LANDFILL

Environmentally acceptable waste disposal to fill a depression in the earth. Typically, non-hazardous waste is layered and compressed over a specific area of land. At the end of each working day the

LATENT DEMAND

A consumer expectation, desire or preference, that goes unsatisfied because acceptable goods or services wanted are not available or too expensive. Influencing the potential buyer to use available money in favor of

LAW OF INCREASING OPPORTUNITY COST

Observation: Increasing production costs are an economic reality when a company changes its product line to take advantage of some economic opportunity. This is caused by inefficiencies in retooling and reallocating specialized

LEACHATE

Typically, polluted water as a landfill site runoff. Natural water sources are at risk if this is not collected.

LEADERSHIP

1. The position as head of a group of people or an organization. A type ability attributed to leading. 2. One or more individuals allowed to lead an organization as a group.

LEARNING PORTAL

Website of various source of learning and training goods and services.

LEGAL ENTITY

A lawful or legally standing association, corporation, partnership, proprietorship, trust, or individual. Has legal capacity to (1) enter into agreements or contracts, (2) assume obligations, (3) incur and pay debts, (4) sue

LEGGING

Gaining status slowly by making one decision at a time.

LET

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

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