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

Category: Finance Dictionary

WET BARRELS

Physical barrels delivered rather than financially settled. It is used in refining and supply trades.

YANKEE

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

INCUBATOR

A firm offering a start up seed as venture capital. Also called accelerator

INELASTIC

The proportionate change between variables. Also called elastic or elasticity.

INTEREST COVERAGE

The way a company sees how it can manage its debt. This is also referred to as debt service coverage.

IN-THE-MONEY

When an underlying asset is worth more. Refer to atthemoney, moneyness, or out of the money.

JUMBLE DISPLAY

Single-price for varying products as a retail display. Also known as a clearance table or bin.

JURISDICTIONAL STRIKE

Illegal strike in an organization over a particular group of employees in dispute about the right to represent a existing trade union.

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

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