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

Category: Finance Dictionary

LINKED ACCOUNTS

Bank and customer arrangement to cover checking account or credit card limit overruns by allowing the back to withdraw funds from another of the customer’s account like a savings account.

LISTING AGENCY

Independent private or public standards or testing organization that assesses goods and materials based on specific criteria and gives its mark, known as listing mark, to be carried on qualifying items as

LOCAL GOVERNMENT

City, town, county, or state level government. The administrative body for this small geographic jurisdiction. Electing officials, enacting taxes, and doing many things a national government can do is within its jurisdiction.

LOG DATE

Made while logging activities in a log book, this is the specific calendar date and/or time that the entry was posted.

LONG STRADDLE

A call option is a long position taken as an options strategy with a put option. Contrast to short straddle. Also known as bull straddle.

LONG-TERM CONTRACTS (LTC)

Contracts over a period of one year in length with construction performance related activities. Residential and commercial construction contracts are typical for this type.

LOSS CONTINGENCY

Damages resulting from a pending lawsuit are an example of a potential liability that is probable and reasonably estimable forced to use this provision.

LOSS LOADING

produce a reinsurance rate as a factor of pure loss costs.

LOSS WORKTIME RATE

Absentee hours tallied divided by Normal hours constant, typically 35 hours, times 100. Expressed as a percentage. Illness, injury, any medical problem, child care and other family and personal obligations, maternity or

LOW TRUST SYSTEM

Employee autonomy over how to do a job, or control over work conditions is low in this work setting.

LUMP SUM CONTRACT

A contract requiring no cost breakdown. The principal, either customer or owner, agrees to pay a specified amount for work a contractor completes.

MACHINE CONTROLLED TIME

No intervention by an operator is typical of total machine control of the machine’s work cycle segment.

MACROPRUDENTIAL ANALYSIS

Financial system studied comprehensively. The nation’s banking industry is such a system. Overall system soundness and system vulnerabilities, as well as financial shock absorption capabilities are study components. The operational system’s regulatory

MAINSTREAM

Readily-available, products and services appealing to the general public. Contrast to a very selective subset of the public.

MALTHUSIAN LAW OF POPULATION

Theory that populations grow at a geometric rate while food supplies grow at an arithmetic rate. Seen as flawed as limited factors were observed in developing this Law. Ignores essential factors: technology,

MANAGER

An individual accountable for specific tasks, or specific company areas. A staff of people typically report up to this person.

MANPOWER

1. In General, this is the personnel available or engaged for a specific job or task, as a resource supply. 2. In Economics, this is the total labor force of a nation.

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