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

Category: Finance Dictionary

LIVE SPACE

Area inside a wall that reflects sound, thus sustaining it.

LOAD SPREAD OPTION

An investor making periodic contributions to a mutual fund account. It spreads out the load payments as smaller ones. Also known as Spread Load Contractual Plan. An alternative is to pay fees

LOCKOUT

Employment action. An entity stops or withholds work. The work force is not allowed on entity property during this condition. It is a reverse strike by entity management, intended to compel an

LOGISTICS SUPPORT

Equipment, facilities, spares, technical information, and trained personnel procurement and distribution for a campaign, plan, or project as essential actions for their proper operation.

LONG DISTANCE CALL

Two or more central offices are typically involved in this type of telephone call.

LONG TERM LIABILITY

A year or more in the future, either from the balance sheet date or today, this obligation is due in goods or services. Disclosing its long-term liabilities with their interest rates, other

LOSS PAYEE

Entity receiving loss payout benefits, such as a mortgage borrower

LOUDERMILL RIGHTS

1985 US Supreme court decision, ‘Cleveland Board of Education vs. Loudermill’, gave public employee property rights in their jobs. A public employee cannot be terminated without due process involving a pre-termination hearing,

LOWEST RESPONSIBLE BIDDER

Business and financial capabilities, past performance, and reputation of this qualified bidder meets the required standards, with this bidder also having the lowest or best bid price.

M2

An M1 option plus overnight agreements and deposits, savings accounts, and mutual funds.

MACRO HEDGE

An offset designed to use futures contracts to eliminate, reduce, or otherwise mitigate an entire entity’s portfolio-based economic risk. Also refer to micro hedge.

MAIL ORDER

Sales method using some version of mailing to obtain the order. Generates inquiries and orders from advertisements in suitable media, including the Internet. Contrast to phone order. Buyers and sellers have no

MAJOR CURRENCIES

The value of a local currency is measured and most of the world’s foreign transactions are denominated with one of the following major currencies: British Pound (GBP), Euro (EUR), Japanese Yen (JPY),

MANAGEMENT BY RESULTS

Objectives planned determine if results are worthwhile and contributing to an organization’s mission and goals in this process management style.

MANIFEST ERROR

Complete disregard of case facts and the applicable rule or law as an indisputable error of judgment.

MANUFACTURER’S IDENTIFICATION NUMBER (MID)

Each manufacturer that imports goods into the United States receives this unique identifying reference number. This number is used by U.S. Customs in its electronic monitoring systems. This number is not like

MARGINAL ANALYSIS

The process of identifying the benefits and costs of different alternatives. This is done by examining incremental effects on total revenue and total cost. These effects are caused by very small, single

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.