Category: L

A promise to buy securities between broker and buyer if the peak financial condition is reached.

Used by a property buyer wanting to move in prior to purchase closing. This arrangement type allows property occupation at an agreed-upon date under specific pre-conditions.

A discreet unit of information in a document, record, or statement, displayed on its own separate line. A budget element separately identified is often referred to as a line item.

Mathematical computer modeling simulation technique. Calculated the best solutions for allocating energy, machines, materials, money, personnel, space, time, as limited resources to achieve maximum profit or minimum cost. Applies only where every

A company will issue this type of payment to shareholders if the company is claiming bankruptcy or ceasing business operations. Shareholder company share-count determines a shareholder’s payment amount.

Document content interpreted based solely on its textual basis, that is it actual words and phrases, and without extrapolation on its deemed or stated purpose. Also known as strict construction. Contrast to

1. Time-bound ratio of average energy demand versus maximum demand peak load. 2. Ratio of demonstrated machine capacity as a work center, or as a system versus service availability versus utilization. 3.

In the event the business property is destroyed or theft is attempted, this is an area where important documents are stored safely.

A management philosophy: strategies develop over various small decisions evaluated periodically, and not by a one-time decision. Logical results through experimentation and learning lead to these small decisions, not random determination.

If the forward rate is lower than the futures rate of a security the market decides to lower the price. Refer to short arbitrage.

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

To the point; using as few words as possible to form a point; straightforward.

Anaerobic decomposition of organic waste at landfill sites causes gases, like methane, to occur.

Insurers exclude particular exposures by narrowing focus stated in such an endorsement.