Category: L

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

Behavioral observation: behavior, regardless how varied, is chosen for the expected outcome, be it satisfying, painful, rewarding, or losing. Pleasant outcomes brings repeated behavior. Unpleasant outcomes are less likely to bring repeated

Draft or final format, master plan, or blueprint of different graphic elements arrangement of a printed or published work. The element lay out include body copy, colors, headlines, illustrations, and scale). The

Introducing a new brand or stimulating consumer interest in a product or family of products by selling selected products in a product family or assortment at less than their normal profit margins.

In a rapidly changing environment, an organization that gains knowledge and applies it quickly to survive and thrive. Such entities (1) build a culture encouraging and supporting continuous employee training, use of

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

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

Cargo failing to qualify for freight rates given to a standard shipping container due to insufficient quantity or weight. Shipping term.