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

Category: Finance Dictionary

LOAD BALANCING

The even splitting of workload among two or more servers. The intent is to provide a certain standard of throughput for the user community while having online backup servers in case one

LOCKBOX

Banking related service allowing a company to drop its deposit in a postal box where the bank will obtain the deposit and post it to the company’s bank account(s). Typically this service

LOGGING

In a log book, the systematic daily or hourly recording of activities, events, and/or occurrences.

LONG TERM DEBT

Some amount due from the balance sheet date for 12 months or longer. A bank loan, mortgage bonds, debenture, or other obligations not due for one year are several examples. In a

LOOKBACK PERIOD

Determining if a company is paying employment taxes on the correct depositing schedule during this timeframe. July 1 through the next June 30 is this timeframe. A company decides during this time

LOSS DEVELOPMENT FACTOR

Claims reported late give the insurer extra money due to this factor introduced to permit development of losses and reimbursement.

LOSS OF MARKET

Lost chance to sell a potential buyer a specific item. Excluding it as a standard business peril in this circumstance from certain contracts is typically done.

LOSSLESS COMPRESSION

Compression-decompression process using compression algorithms, yet experiencing no data loss. Data file size reduction technique. The decompressed file is identical in every way to the original file while not having high compression

LOWER EXPLOSIVE LIMIT (LEL)

A measure of a gas or vapor in air, given an ignition source, such as arc, flame, or heat, capable of producing a flash of fire. Lowest concentration as a percentage versus

LUSOPHONE COUNTRIES

Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, Portugal, and SaoTome and Principe are countries where Portuguese is the common language.

MACHINE LEARNING

Using repetition and experience as how humans seem to learn. Using software whose operations mimic these methods, employing artificial intelligence techniques to enhance the ability of a machine to improve its own

MAGAZINE

Typically, a monthly, general interest or specific focus periodical. Characteristics are that it covers several topics by short articles of about 3-pages long, that are submitted by in-house and external authors, carrying

MAINTENANCE LEVEL

Organization’s maintenance operations on three unique levels: (1) organizational level maintenance, (2) intermediate level maintenance, and (3) depot level maintenance. The scope of maintenance activity at each maintenance level requires equipment, facilities,

MAKE WHOLE PROVISION

Pre-maturity-date payoff as a bond option for the borrower. with regard to amount with regard to amount is the basis for the expected lump so if doing so.

MANAGED FUND

To reduce risk of loss in a downturn several types of securities are invested by this broad-based mutual fund. To serve the needs of smaller investors and managed by insurance companies are

MANAGING DIRECTOR

A term that is more common in British English. Much less used in American English. Another name for chief executive officer (CEO).

MANUAL ELEMENT

Machine operator’s actions having no machine involvement as a measurable work cycle’s subdivision.

MAPPING

1. In General, this is making a graphical representation, a map or flow, of something. That something can be a road, a procedure, a process, a structure, or a system. The map

MARGINAL OUTLAY

Consumer’s outlay change divided by the corresponding total quantity purchased change.

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