Category: L

An entity holding a property as a life estate. Also known as tenant for life.

Consumer electronics and clothing manufacturing are examples of light industry. It is part of an economy’s secondary industry. It has less capital-intensive and more labor-intensive operations. End consumers rather than other businesses

Contract statement setting a maximum amount for cost recovery from damages. In case either one of them is in breach of the contract a provision the parties to a contract agree on.

A co-owner of an organized, limited partnership business, having limited personal liability for the firm’s debts, who does not participate in the company’s management. Also known as nominal partner. Contrast to a

A discreet unit of information in a document, record, or statement, displayed on its own separate line. A budget element separately identified is often referred to as a line item.

Mathematical computer modeling simulation technique. Calculated the best solutions for allocating energy, machines, materials, money, personnel, space, time, as limited resources to achieve maximum profit or minimum cost. Applies only where every

Easily and quickly convertible, either an asset into cash or cash itself.

High demand with short cash resources available. Businesses and consumers pay higher loan interest rates more difficult to obtain during a liquidity crunch, . Also known as liquidity crisis and credit crunch.

Investment instrument, stock, shares, bonds, officially quoted or listed for public trading on a stock exchange. In over the counter market in the US or in alternative investment market in the UK

Essentially life insurance for animals; Insurance on livestock.

The even splitting of workload among two or more servers. The intent is to provide a certain standard of throughput for the user community while having online backup servers in case one

Collateral for a loan pledged for a charge, claim, or lien on asset or property.

Period from loan application’s receipt through loan’s closure measured as a series of action steps tracing the entire life of the loan. Steps include loan acceptance, posting of loan on lender’s books,

Two commercially and industry known major LAN standards are Ethernet and Token Ring. data communication system user-owned. user-operated. Either a short-distance cable and/or wireless-based device connection. Interconnects one or more servers with

A local rest-stop providing basic amenities along with inexpensive overnight accommodation.

Statistical estimation technique for straight-line, linear relationships between two or more variables. A dependent variable is influenced by one or more independent variables in this case. The data values, converted to their

The jurisdiction of foreign courts is extend to local territory, usually on a reciprocal basis for specific types of cases, by this local law.

Some amount due from the balance sheet date for 12 months or longer. A bank loan, mortgage bonds, debenture, or other obligations not due for one year are several examples. In a

in a specific period of time, produced and tracked across the national economy, this is the total amount of goods and services .

Compared to other risks in the same classification, this amount intends to offset greater-than-average losses most smaller risks have.