Category: Finance Dictionary

Labor laws first arrived as standards in the Industrial Revolution. Labor laws have two categories: collective and individual. Collective labor law covers union, employer and employee relationships. Individual labor law covers employees’

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

Advancing from a primarily residential area to primarily a business area. Doing so as a planned, time-bound series of enhancement executions. This is driving progressive changes in the predominant usage of a

Denotes stock with $5 billion or more in market capitalization. A US term. Typically a large publicly held bluechip firm. Such firms are seen as major drivers of the US economy, and

This fee is either flat-rate or percentage of the amount due. An account holder not making an account payment by the stated due date is assessed this monetary charge.

Rules on agreements, oral and written, agency relationships, commercial paper, employment, and business organizations as a governing body of law.

Easygoing, loose, un-restricted. An expectation of discipline not tightly held, like a business dress code allowing jeans on Fridays.

a product or service user driving the leading edge of significant market trends. Meeting the needs of these users is a strong incentive for solutions. As user needs become the mainstream, development

Business or finance decision to act based on available information or analysis but with an uncertain the outcome. Attributed to the religious act of accepting the existence of a deity without tangible

A bank’s guarantee given to a third party for a fee. The bank does its due diligence to confirm the creditworthiness of the customer receiving the bank guarantee. The issuing bank becomes

In the revenue accounts of a company’s financial statements, list of liquid cash.

Lawful, exclusive right allowed to the grantee over land or property of another person. A lien against ‘the whole world’ that is enforceable.

Lawful period of an existing or established custom, claim, or right determined by law. Also refer to time immemorial.

Lawfully guaranteed powers a legal entity acquires from winning a court decision. Realization or defense of just and lawful claims or interests against ‘The whole world’ is the basis. Whether or not

Constitutionally defined and authorized to legislate as a branch of government.

Statement in promissory notes curbing default recovery, by lender agreement, if default occurs for reasons beyond the borrower’s control, for a stated period of time.

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

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

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

Financing a company’s growth by borrowing against the employee stock exchange ownership program funds.