Category: L

Exposure expected to kill within 30 days half of the population exposed to radiation or radioactive material. Written also as LD50:30.

Not a legal instrument. Information required by an executor to execute a will. Also refer to letter of wishes.

Universal life insurance option paying the policy’s face value or a specified accumulation value percentage upon the insured’s death.

Constant production rate regardless of demand fluctuation. Maximum plant capacity utilization and balanced workforce size are the objectives.

A liability insurance policy’s maximum benefit available payout.

An insurance coverage type rarely issued for a substandard risk. If the insured dies before a certain time, less than the full policy benefit is paid out.

Cost accounting method of pricing manufactured goods based on the product’s total cost over its life cycle. A comparatively lower upfront cost occurs from this practice. Many contend that future product revenue

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,