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

Category: Finance Dictionary

YANKEE

A note issued in US dollars by a foreign company in the market.

INTERPOSITIONING

The act of adding a middle man simply to boost commissions. Refer to affirmative and negative obligation.

JUDGMENT LIEN

Debt-repayment security for one or more creditors when a court order places a claim on a debtor’s property situated within the court’s jurisdiction. Also refer to attachment.

JURIDICAL PERSON

Entity, as a firm, that is not a single natural person, as a human being, authorized by law with duties and rights, recognized as a legal authority having a distinct identity, a

K-COMMERCE

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

KEY MAN RISK

The effect losing one important member of the team causes.

KEY-TESTED TELEX

Telex machine wire fund transfer messages authenticated using code (key) numbers. Contrast to modern digital data transfer. .

KITTING

Process of grouping, packaging, and shipping one unit comprised of several other finished good. For example, in ordering a PC online, the supplier builds a customized kit, assembled and shipped as one

KNOWLEDGE WORKER

Data analysts, product developers, planners, programmers, and researchers capturing data to analyze and manipulate into information as a product or service. US management guru Peter Drucker, born in Austria in 1909 popularized

LAFFER CURVE

Conceptual relationship between marginal tax rates and total tax collections in a graphical representation named after US economics professor Arthur Laffer. He proposed that lower taxes encourage greater output and supply, increasing

LAPPING

Concealing theft of cash as a fraudulent practice. A cashier, clerk, or teller takes cash illegally from one customer’s payment to cover up taking cash from a previous customer’s payment, over and

LATIN AMERICA

Western Hemisphere designated member countries/areas where mainly Spanish or Portuguese is spoken. These include Mexico, Central America except Belize, and South America except French Guyana, Guyana, and Suriname.

LAW OF THE LAND

The collection of traditions, customs, statutes, usages, and laws of a country that apply to everyone, including the government, under the jurisdiction of its courts. Also refer to legal system.

LEAD MANAGEMENT

Tracking and managing sales leads as a complete process. Beginning with the prospective customers from lead generation to the sales and long-term relationships. Measuring sales and marketing efficiency comes from the data

LEADING INDICATORS

Measurable economic performance factors. Changes in any factor traced predicts changes in the underlying economic cycle’s particular direction or trend. They forecast forthcoming overall economy patterns as these statistics precede by one

LEAVE BEHIND

As a reminder of the firm and/or good or service being sold, a salesperson gives the customer a gift.

LEGAL POSITIVISM

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,

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.