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

Category: Finance Dictionary

LIMIT ORDER INFORMATION SYSTEM

an electronic system that stores and displays information on limit orders and feeds the data to the specialist display book. Orders that are entered as good, until cancelled, remain in the system

LINE OF BUSINESS

Insurer’s categorization of the products and policies it sells, such as Homeowners, Health or Life.

LINER

1. A scheduled service between fixed ports on a trade route by such a cargo and/or passenger transport shipping line operations. 2. Material placed between two other materials to serve as a

LIST SERVER

Email messaging services’ dedicated computer system.

LIVERY USE

Carrying passengers using a rented vehicle. Typically an automobile insurance policies’ exclusion.

LOADING BAY

The point where warehouse meets the outside world; where goods are loaded on/off a vehicle. A warehouse area.

LOCKOUT PERIOD

When a swaps principal cannot be increased or decreased no matter what the interest does.

LOGNORMAL DISTRIBUTION

A report where asset prices distribution is calculated using a random variable to show how the market can change. Refer to normal distribution.

LONG FORM BILL OF LADING (B/L)

B/L with the terms and conditions of carriage printed on its back. Either the older Hague rules or the more recent HagueVisby rules govern these terms. Conditions of carriage are defined as

LONG TERM PLAN

Five years or longer planning horizon for this type of plan. Also known as long range plan.

LOSS ADJUSTOR

The insurer / insurance company hires one for an insured’s insurance claim investigation and settlement an insured. This person is typically and independent entity. Also refer to loss assessor.

LOW

In a trading session, lowest share price of the day’s trade transactions.

M3

An M2 option plus large time deposits and repurchase agreements.

MACRO MARKETING

National, societal-based perspective-study of broad marketing activities, institutions, and processes. Starting at an economy’s aggregate goods and services flow, it determines social benefits as resource consumption and environmental effects.

MAIL ORDER COMPANY

Companies that do mail-order. Refer to mail order. Characteristics are a catalog or product list or website of available items. Consumers order by telephone, internet, or mail order and check together.

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