Category: L

1. In General, this is a boundary of scope, be it authority, power, privilege, or right. Prescribed bounds. 2. In Banking, this is (1) The largest amount a bank will loan to

A trust that ends on a date set when the trust was first made.

Daily operations such as purchasing, manufacturing, and selling associated with its organizational decision making areas. Also refer to staff function.

A straight line movement of goods from one end of the supply chain to the other in a traditional distribution channel.

Cash compensation, agreed to by signed, written contract for breach of contract, payable to the aggrieved party. The contract succinctly specifies what actions, or omissions, constitute a breach. To be legally enforceable,

Conditions that a firm must meet before the security, be it a stock, shares, or bonds, is officially quoted or listed for public trading on an organized stock exchange. Some of these

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

Banking related service allowing a company to drop its deposit in a postal box where the bank will obtain the deposit and post it to the company’s bank account(s). Typically this service

In a log book, the systematic daily or hourly recording of activities, events, and/or occurrences.

A position that loses profit due to a decline in prices.

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

Determining if a company is paying employment taxes on the correct depositing schedule during this timeframe. July 1 through the next June 30 is this timeframe. A company decides during this time

Claims reported late give the insurer extra money due to this factor introduced to permit development of losses and reimbursement.

Lost chance to sell a potential buyer a specific item. Excluding it as a standard business peril in this circumstance from certain contracts is typically done.

Compression-decompression process using compression algorithms, yet experiencing no data loss. Data file size reduction technique. The decompressed file is identical in every way to the original file while not having high compression

A measure of a gas or vapor in air, given an ignition source, such as arc, flame, or heat, capable of producing a flash of fire. Lowest concentration as a percentage versus

Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, Portugal, and SaoTome and Principe are countries where Portuguese is the common language.

Forecasting or analyzing labor performance as computed, estimated, or measured values. Examples of these are assembly time, operations per hour, output per unit of time.

Environmentally acceptable waste disposal to fill a depression in the earth. Typically, non-hazardous waste is layered and compressed over a specific area of land. At the end of each working day the

When an investory pays the insurer less premium and is willing to take on more risk.