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

Category: Finance Dictionary

KDE

K Desktop Environment. KDE was a project begun by Matthias Ettrich in 1996. It was developed mainly by European volunteers. It is a Linux-based non-proprietary graphical user interface (GUI). It works with

KEY MONEY

Deposit on a leased property paid by the lessee.

KICKBACK

A bribe for routing a job, contract, or order. Typically comes out of the income generated by the job, contract, or order. Demanded by an official.

KLUGE

Something assembled from whatever was available to ‘make do’, but not built according to design or plan.

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,

LENGTH AND GIRTH

Airline industry dimensioning method to compute the largest permissible shipment’s size. Formula: Length as the largest measurement plus (2 times the Width) plus (2 times Height).

LETTER OF ATTORNMENT

Existing tenants recognize a new property owner as their landlord for the property they are renting through such a document.

LETTER OF SETOFF

A bank obtains borrower’s written consent to seize an account for non-payment of a loan or other obligations. If a bank believes its normal, lawful right to setoff may be challenged, it

LEVEL OF SIGNIFICANCE

Despite a hypothesis actually being true, the likelihood of data and hypothesis rejection by a statistical test.

LEVERAGED RECAPITALIZATION

To make a company less attractive hostile takeover target, it takes on a huge loan and spreads that money among existing shareholders. Also refer to poison pill.

LIFE CONSERVATION

Research, lawmaking, and increasing public awareness as the means of an administration’s attempts to conserve human lives.

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