Category: L

To prevent liability as a partner for the negligent acts caused by any other partners or any one else not under his or her command, one enters into this type of US

A firm markets one or more new products in an established and well-known brand name as a multi-product branding strategy. The objective is to take advantage of widespread name recognition of the

An asset that provides payoff. Refer to nonlinear instrument.

Butane and propane as petroleum gases are usually a liquid under pressure when stored and transported. LPG does not require cooling to be liquefied. Contrast to liquefied natural gas (LNG). Also known

Certification mark given as a stamp of approval organizations that apply independent standards or testing on qualifying goods and materials. The ‘UL’ mark is such a mark given by Underwriters’ Laboratory, which

1. Force exerted overall on a structure or a body. 2. Expected amount of production from a producer. Allotted work to an individual, group, machine, or system. 3. A piece of equipment,

Guarantee of a given interest rate for a limited amount of time as a commitment from a lender to a borrower.

Measure of unit increase or decrease that is actually a tenfold increase or decrease in the quantity measured. For example, a pH reading of 5 pH indicates 10 times the acidity of

Located in London, England, this is an international stock exchange with a regional office in Hong Kong. Currently trading on the LSE are more than 400 international companies from more than 60

Long-term basis for nursing or custodial care occurs at such a facility. Typically, this kind of facility is state-licensed.

When a buyer can review the price changes and take the highest profit point. Refer to fixed strike and floating strike look back options as well as options on the maximum or

Later-date amount reporting compared to the insured’s original estimated loss value.

Disability benefits for disabled workers incapable of work. Covers current or future income loss.

The amount a bank can lose if an account goes into default.

Control chart’s quality control bottom limit for data points below the control average line. Contrast to upper control limit.

Equal to 29.53 days. Two successive new moons define this period.

Labor laws first arrived as standards in the Industrial Revolution. Labor laws have two categories: collective and individual. Collective labor law covers union, employer and employee relationships. Individual labor law covers employees’

Tally of purchase price, freight, insurance, and miscellaneous costs up to the port of destination. It typically includes shipment customs duties and tax levies. The total cost of a landed shipment.

Transfering to the insurer high risk low loss securites.

Defect in an item found after the delivery of the item, discovered through the normal use of the item. This defect type is typically not found through normal inspection/investigation techniques. The defect