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

Category: K

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

KEEPWELL AGREEMENT

A parent company and a subsidiary imitate such a contract to guarantee the subsidiary all necessary financing over a specified time-period. The parent company provides this. This contracted support gives potential lenders

KEY PERFORMANCE INDICATORS (KPI)

Key business statistics as measures of a firm’s performance in critical areas. Typically, monitoring is essential for such business activities that would likely cause severe losses or outright failure if done incorrectly.

KICKER

Compensatin offered to a bank so a company can use its services. Refer to equity kicker, carrot equity, and sweetner.

KNOCK OFF

1. A very similar looking product copy a patented, trademarked, or copyrighted product or work that is cheaper as an illegal version. 2. A cheaper version of a higher-priced material or product

KNOWLEDGE-BASED PAY

Earnings system that compensates employees skill level proficiency and gained education. The employee incentive is improve skills set and education. Reaching certain goals in education, training and skill development translates into higher

KEIRETSU

A group of companies who have a shared interest but are not organized into a central company. Refer to Chaebol.

KEY PERSON

Individual whose loss may cripple an organization. Knowledge, creativity, inspiration, reputation, and/or skills are essential assets for organizational viability and growth.

KICKER PATTERN

Trend reversal candlestick pattern. Rather reliable predictor that a change in the direction of a trend is occurring. The fundamentals of a company being researched begin to show change along side this

KNOCKED DOWN (KD)

An article taken apart, folded, or telescoped to reduce its shipping size by at least one third (33 1/3 percent) of its assembled bulk or size. Such articles, be they bicycles, fans,

KONDRATIEFF CYCLE

Russian economist Nikolai Dmitrijewitsch Kondratieff (1892-1938) propose this cycle. The usual boom-bust cycles characteristic of a capitalist economy plays out over a period of about 60 years of major capital goods expansion

KELLER PLAN

Learning material presented in small units of personalized instruction. Behavioral psychologist Fred Keller, developed this approach, which bears his name. Instructors only facilitate, grade as pass or fail, administer no punishment at

KEY PROCESS

Customer service and satisfaction, competitive advantage, and strategic success are essential business workflows In management’s view.

KICKING THE TIRES

Shopping by a potential investor for an investment brokerage firm described creatively.

KNOCK-IN OPTION

Event-driven benefit payoff tied to something occurring like a specific change in an asset’s price. Contrast to knock-out option.

KRAFT PAPER

At least 80 percent virgin wood pulp is in this strong brown unbleached paper.

KELVIN (K)

Irish physicist William Thomson (1824-1907),honored as 1st Baron Kelvin (Lord William Kelvin), developed this scale. Temperature scale beginning at absolute zero (273.15

KEY PUNCHING

Keyboard or keypad driven computerized data entry. Prior to PCs, to issue commands or store data in the era of mini or mainframe computers, key punching was actual punching of holes in

KICKOFF MEETING

Pre-launch gathering of stakeholders and prime movers of a program or project. Agenda is strategy, direction, roles, goals, and objectives.

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