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

Category: Finance Dictionary

WAR CHEST

Cash held for the purpose of overtaking another company. Or funds held to prevent hostile takeover.

WILLINGNESS TO PERFORM

The promise to perform agreed to financial obligations. If the party feels mistreated they may choose not to. Refer to ability to perform.

INDEX TRIGGER

An event that suspends coupon interest and principal when losses meet an agreed upon amount. Also called an indemnity or parametric trigger.

INSIDER TRADING

Where private information is used to create more profit. Sometimes this is considered a crime and punished. Refer to gun jumping.

JOURNAL PRINTER

Electronic cash register (ECR) or point of sale (POS) systems remote printer. Records cash transactions on a narrow (20column) paper tape at retail locations. An example is a supermarket checkout counter.

JUNIOR SECURITY

Subordinate investment vehicle, like a bond, debenture, stock share, whose claims and rights are subordinate or secondary to senior, primary investment vehicles. These claims and rights involve the assets and earnings of

JUST-WORLD PHENOMENON

Theory that bad things happen to people due to their previous bad acts. human tendency to rationalize injustice thinking that people will eventually want get what they want because the world is

KERNEL

Computer operating system nucleus. Manages core operations and hardware resources allocation. Also refer to shell.

KEYBOARD

Computer-system external input device for data entry. It could be to a mobile device, a personal computer, or any other electronic machine. This device has keys with alphabetic, numerical, and common symbols

KILOWATT (KW)

Electrical power measure of a standard unit equal to 1000 watts. Equivalent to 1.34 horsepower, or 1000 joules per second as a measured consumption rate.

KNOWLEDGE BASED SYSTEM

Artificial intelligence / expert system based software techniques. Used to solve process problems. Intended use is to respond to unique queries and expertise transfers, relating one domain of knowledge to another. Exists

LABOR LAWS

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’

LANDED COST

Tally of purchase price, freight, insurance, and miscellaneous costs up to the port of destination. It typically includes shipment customs duties and tax levies. The total cost of a landed shipment.

LATENT DEFECT

Defect in an item found after the delivery of the item, discovered through the normal use of the item. This defect type is typically not found through normal inspection/investigation techniques. The defect

LAW OF EFFECT

Behavioral observation: behavior, regardless how varied, is chosen for the expected outcome, be it satisfying, painful, rewarding, or losing. Pleasant outcomes brings repeated behavior. Unpleasant outcomes are less likely to bring repeated

LAYOUT

Draft or final format, master plan, or blueprint of different graphic elements arrangement of a printed or published work. The element lay out include body copy, colors, headlines, illustrations, and scale). The

LEADER PRICING

Introducing a new brand or stimulating consumer interest in a product or family of products by selling selected products in a product family or assortment at less than their normal profit margins.

LEARNING ORGANIZATION

In a rapidly changing environment, an organization that gains knowledge and applies it quickly to survive and thrive. Such entities (1) build a culture encouraging and supporting continuous employee training, use of

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