Category: L

A single-color drawing having little or no solid areas, no shading effect other than crosshatching, like one made with a pen or pencil. Line art can be printed without conversion to a

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.

Depositor and bank, or other financial institution, agree in writing to have the bank extend loan(s) to a certain borrower. The credit balance amount in the depositor’s account limits the loan amount

Forced-sale auction asset price. Banks and other lenders value an asset offered as a collateral at its forced sale price and not on the asset’s normal, market value. Also known as fire

Price manufacturer’s, distributor’s, or retailer’s quoted, published, or displayed by quantity, seasonal, or other computed discounts. Also known as manufacturer’s suggested retail price (MSRP).

current is flowing through this part of electrical wiring. Contrast to a ground wire or a neutral wire. Also known as hot wire.

Begun in 1689 London, in Edward Lloyd’s Tavern Street coffeehouse frequented by ship-owners. Syndicate of insurance underwriters and brokers. Oldest and most famous of this type of organization. About 20,000 underwriters gather

Bank management committee comprised of senior managers and experienced loan officers. Evaluates and decides some loan applications. Normally considers loans exceeding the forwarding loan officer’s lending authority or that require special attention

Loans with higher-than-normal interest rates are the vehicles this mutual fund invests in. This fund is for stable and successful firms with low credit ratings due to age, industry, and the like.

Loans on the books as assets, committed to by the lending institution, ready for full disbursement, waiting for the closing.

When a swaps principal cannot be increased or decreased no matter what the interest does.

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

Futures exchange for non-ferrous metal and plastics based in London, England. 1571 saw the establishment of the Royal Exchange, London’s first stock exchange, which evolved into the LME.

15 years or longer maturity period for a Bond makes it long-term. Greater credit and inflation risk go with higher interest rates for such bonds. Also known as long bond.

Activities of formulating a long-term plan. Future needs estimating typically is an extrapolation of present or known needs. The extrapolation for achieving interim goals starts with current status, projected status roadmap, includes

Property damage payout due to a homeowners association or property owners group as the insured’s portion of the total amount owed due. This charge-type coverage is offered by certain homeowners insurance policies.

Income loss on a company’s financial statement accounting for labor strike’s financial impact.

Future claims reduction as a loss prevention method by the insurer’s staff person authorized to do this.

For a lot: Defined quantity; item count. Another name for lot size.

Portion of data, separated into four equal parts, representing the divided set’s lowest value.