Category: L

Existing for several months this is a persistent disability condition.

1. In General, this is a repeatable set steps that lead back to the first step. : 2. In Electrical/Electronics, this is a complete circuit. An example is a wire-pair connecting the

IRS rule: corporation cannot file one tax return covering the corporation that includes subsidiaries owned by a third party. This prevents corporate use of losses incurred by the other owner, not the

Severe damage making an insured item a total loss because the item is no longer what it was when undamaged. Water soaked cement is an example.

Compensation for an insured’s potential earnings lost due to an injury or disability.

Its application is mandated under the provisions of GAAP. Conservative accounting valuation rule. Requires valuing certain asset types, like an inventory, at the lesser of either at historical cost or at current

Surface illuminance metric (SI) unit. Defined as an illumination of one lumen per square meter. In contrast, sunshine gives 80,000 to 100,000 lux to the surface it hits. Also refer to luminance

Forecasting or analyzing labor performance as computed, estimated, or measured values. Examples of these are assembly time, operations per hour, output per unit of time.

Environmentally acceptable waste disposal to fill a depression in the earth. Typically, non-hazardous waste is layered and compressed over a specific area of land. At the end of each working day the

When an investory pays the insurer less premium and is willing to take on more risk.

A consumer expectation, desire or preference, that goes unsatisfied because acceptable goods or services wanted are not available or too expensive. Influencing the potential buyer to use available money in favor of

Observation: Increasing production costs are an economic reality when a company changes its product line to take advantage of some economic opportunity. This is caused by inefficiencies in retooling and reallocating specialized

Typically, polluted water as a landfill site runoff. Natural water sources are at risk if this is not collected.

1. The position as head of a group of people or an organization. A type ability attributed to leading. 2. One or more individuals allowed to lead an organization as a group.

Website of various source of learning and training goods and services.

A lawful or legally standing association, corporation, partnership, proprietorship, trust, or individual. Has legal capacity to (1) enter into agreements or contracts, (2) assume obligations, (3) incur and pay debts, (4) sue

Gaining status slowly by making one decision at a time.

Rent real estate to a tenant. Contrast to subletting. Here the tenant rents the property to a different tenant.

Not a legal instrument. Information required by an executor to execute a will. Also refer to letter of wishes.

Universal life insurance option paying the policy’s face value or a specified accumulation value percentage upon the insured’s death.