Category: L

1. In Contracting, this is a pre-qualifying of respondents for stated services, based on stated resources and experience. Done before sending out requests for proposals (RFPs). Contractors or vendors provide a written

1. Time-bound, fixed charge or fee. 2. To eliminate bottlenecks and minimize work-in-process inventory, different production rates balanced by an output rate.

When a company uses its high credit rating to borrow funds to invest.

To compensate for unpaid overtime, working days given as offdays.

Term life insurance with terms for the insured’s expected remaining years of life. Contrast to ordinary life insurance policy, typically having a set age, like 65 years of age, as its term.

Hospital-stay-allowed-time as a day’s count for the insured. Typically 90 days per stay is allowed under Medicare policy. In case an extension in hospital care is necessary, a lifetime reserve to be

The maximum price fluctuation for a given contract on the futures markets. Typically triggers a trading halt as measured against the previous day’s close. Refer to Locked Limit Down; Locked Limit Up.

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 budget with grouped cost centers or departments as individual financial statement items. Current and future period estimated figures is compared to past accounting or budgeting period financial data.

Mathematical technique that uses scatter graph data points to find the best fit of a straight line as a linear function. Reason for this effort is to project future function values. Extending

The time when a company sell of a portfolio or asset to compensate for risk. Refer to holding period.

Written words, numbers, or symbols in any medium, but not audio visually, expresses an intellectual content.

Energy utilities’ demand reduction method. Demand is load. Different geographical areas have their energy generation temporarily switched off.

Where bid price equals the asked price as a temporary situation.

In a particular environment or industry, these are all successive steps comprising a logistic process.

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

If held for more than one year, this is a capital assets’ gain or loss.

Without violating its literal interpretation, an allowed legal interpretation or practice unintentionally ambiguous due to a textual exception, omission, or technical defect, evades or frustrates the intent of a contract, law, or

When new equity is issued after a trigger event. It is a contingency measure.

Lost capacity of one’s body part or entity’s property due to another party’s negligence or wrongdoing causing the lost capacity. Compensation throughout the lost-capacity duration is typical. This is a legal term.