Category: L

Steel, with 0.15 to 0.35 percent lead as a lubricant to make more machinable. It also contains about the same amounts of sulfur.

Automatic pay increase or claims for a pay increase for employees based on maintaining pay parity or differential with other employees who gained a pay increase.

Because its data cannot be updated to newer or standard formats, or its applications easily upgraded, obsolete computer systems may be operation essentials.

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Form for commercial-crime insurance coverage of the loss of non-cash items held within an insured’s safe deposit box kept in a depository facility, like a bank.

Outstanding principal balance, accrued interest, interest rebate, and early payment penalties, if any are documented and prepared by a lender for a borrower who is paying off a loan before the completion

A government assigns title or rights to a private entity through this legal instrument.

Buyer-seller arrangement seeking to eliminate huge demand swings due to seasonal factors. In exchange for a discount or guaranteed delivery, the buyer agrees to buy a definite amount of a good or

To allow an increase in liberal actions than in previously circumstances.

As an improvement in marketing concept, goods and services live a progression from cradle to grave as a life span like people and living organism. Almost every product goes through the stages

Improving an entity’s standard of living defined by a luxury good becoming a necessity. The improvement comes either as an income increase or lifestyle cost reduction. As an example, a family rents

To determine what type of products moved quicker than others, companies use this method of comparing current year sales figures to prior years sales figures.

US business structure type that is relatively recent. It combines corporation limited personal liability with partnership or sole proprietorship single taxation. Each shareholder files own separate tax return. Profits and tax benefits

Commonly used in large, centralized corporations as .a military-type organizational structure.

Screws, washers, nuts and bolts do not merit piece by piece costing, being of such low value, yet, are identified as common parts or components of a product.

World’s most popular non-proprietary open source computer operating system (OS). Its proven efficiency, dependability, and reliability is the reason for its popularity. Linux runs the UNIX OS core ‘kernel’ on nearly every

An contract that authorizes the broker to sell or lease the property at a set price and terms. The broker receives a commission or other compensation from property owner following the closing.

Income from working that is sufficient to pay the bills, buy enough food, handle emergencies, and stay off welfare.

Place to purchase locally produce goods and services. Knowing who will buy the product, where they are located and how far they will travel to obtain the product is essential for this

Program-controlled computer file specifically for the posting of a program’s events. Serves as an audit trail, diagnostic tool or security measure. User access or data manipulation are typical items logged.