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

Category: K

KNOCK-OUT OPTION

Event-driven benefit payoff tied to something not occurring like a specific change in an asset’s price. Contrast to knock-in option.

KYOTO PROTOCOL

Industrialized countries excluding the US agree to reduce emissions of greenhouse gases. Negotiated in 1997 in Kyoto, Japan.

KEOGH ACT PLAN

Also referred to as a HR-10 plan. A plan that allows those who are self-employed to set up a retirement plan and have access to tax benefits comparative to the benefits offered

KEY RATIOS

Business analysts evaluate a firm’s financial position and income using these financial performance measures. They are reliably indicate management competence, specifically when compared to previous periods or against a competitor’s ratios. Net

KNOOP HARDNESS (KH)

Expressed in kilograms of force as a ratio of applied force. Penetration depth is measured in millimeters. Material hardness test of impact depth, not area. A pointed rhombohedral diamond is a highly

KEOGH PLAN

In the US self-employed individuals and employees with no pension plan can set up this self-contributory saving or pension plan. New York Congressman Eugene J. Keogh proposed it. Individuals set aside a

KEY SPLITTING

Security scheme requiring unifying parts so that a decryption key can be used. Separated parts occur by dividing a code number or decryption algorithm into two or more parts so that no

KILL

Cancelling an investment transaction prior to the system receiving its posting.

KNOWLEDGE ASSET

A copyright, patent, other documentation that generates income as intellectual capital. See, e.g., How to Get a Copyright: A Step-By-Step Guide

KERBEROS

User authentication scheme for Open source (non-proprietary) and public domain (free). A client-server environment’s network security system. Named after Greek mythology’s fierce three-headed guard dog. At user login and every service request,

KEY TASK ANALYSIS

Typically employed in managerial or supervisory level employee training. Determining the level of performance required, time taken, quality of outcome, and total job or project quality by the study of a set

KILLER BEES

While being overcome in a hostile bidding war, a company receives a saving grace.

KNOWLEDGE BASE

Concepts, data, objectives, requirements, rules, and specifications as an organized knowledge repository. Typically this is a computer system, less often, an organization. It can be (1) a retrieval either as an expert

KERMIT

Software named after the Muppet frog character in the children’s educational program, Sesame Street. Controls data exchanges between PCs and mainframe computers. It is an asynchronous file-transfer protocol, largely replaced by internet

KEY TELEPHONE SYSTEM (KTS)

Alternative to a private branch exchange (PBX) phone system, smaller, cheaper, but less flexible. Allows a caller to directly select outgoing lines, incoming calls, or use intercom and conference facilities via several

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

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