Category: L

Employment suspension or termination with or without notice due to no fault of the employee. Lack of work, cash, or material can be the reason. Redundancy is a term for a permanent

A site that attracts customers to the insured’s business. One of the four kinds of dependent properties covered under business income insurance.

Lessons expectations statement for a student. Allegedly provides the student a detailed description of what ability is gained when the instruction ends. To assist students on how to make practical use of

Documentary material or records under lawful control, ownership, with access to possess, or responsibility for.

Conspicuously displayed table containing symbols with concise explanation that are used in a chart, diagram, drawing, map, table, and the like.

Present value of future lease income plus the leased asset’s present value of its projected end of lease term value.

Enables an accepting bank to sell the shipment if the buyer does not accept or pay the bill of exchange. A bank or lender is authorized to seize and sell the documented

Defined by American National Standards Institute (ANSI) as 8

Effort, skill, and work conditions reflect differentiating factors in operator performance leading to adjusted average time.

Short-term international interbank loans are charge this interest rate. This interest rate is applied to large loans ranging from one day up to five years between banks. Immediate liquidity borrowing from another

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

The total cost incurred by possessing certain goods over their lifetime. This is added on to purchase cost. Maintenance, insurance, renovation, and the like are typical add-on costs. These extra costs may

This is a statistical term. A numerical value coincides with each potential choice. A mean value for all the responses is calculated at the end of the evaluation or survey. This is

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.