Category: L

A lender, bank or leasing company has a lease agreement and arranges any financing required.

As a reminder of the firm and/or good or service being sold, a salesperson gives the customer a gift.

The lender can require debts be paid before stating the bond is paid in full when outstanding debts occurred on the bond.

Intangible asset’s lawful duration. Patent or copyright is an example of such an asset. If an asset’s economic life is shorter than its legal life, the computed amortization uses the economic life.

The way a right is enforced by a court of law when injury, harm, or a wrongful act is imposed upon another individual. The laws of remedies will be based on the

Caution: Federal law prohibits dispensing without a prescription’ labeled drug.

Airline industry dimensioning method to compute the largest permissible shipment’s size. Formula: Length as the largest measurement plus (2 times the Width) plus (2 times Height).

Formal acceptance of a position or award by the successful candidate using written communication. Details of a position including salary, perquisites, starting date, location of the reporting office, and the name of

Parent company gives written notice to a bank of good-faith intention of financial support for a subsidiary working to borrow money from the bank. Not a binding contract of support for the

Coordination, follow up, liaison work does not result in a definitive end product or outcome; work of a general or supportive nature.

Use of existing power, information, and material to obtain a successful result, minimizing overall resource expenditure. Influential capability over a system, or environment, to multiply results from one’s efforts with no corresponding

Defamatory statement published through any manner or media. If intended to simply bring contempt, disrespect, hatred, or ridicule to a person or entity it is likely a civil breach of law. However,

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.

The way one lives is called one’s lifestyle. It is comprised of how the entity copes with physical, psychological, social, and economic environments on a day-to-day basis. A way of living for

Nonproprietary, open standard used for index formatting in system access directories. Based on X.500 standard, and much simpler and smaller, LDAP supports TCP/IP for internet access, storing and retrieving names, addresses, phone

Court action’s decision to recover or compensate damages for less than or equal money than the law allows. Such decisions often happen quicker than full recovery.

An insured’s whole life is covered by this insurance but only required for a set numbers of years to pay premiums.

Distribution or transmission system having inherent inefficiencies or defects leads to this waste of electrical energy.

1. Un-natural, mostly theoretical property of ordered systems and straight lines, characterized by ‘good behavior,’ predictability, and simple proportions. It is not a common feature of the natural (real) world and exists