Category: L

Amount of heat needed to alter the a material’s state, from solid to liquid or liquid to gas, but without an increase in temperature.

The rule showing the expected outcome or mean of an asset.

Action of water soluble substances like calcium, fertilizers, or pesticides, dissolving in available water, typically rain, and washing out soil as a waste. Leached-out chemicals, known as leachites, are considered to be

Training an individual who may or may not use learned skills in a leadership position to be a leader. Teaching of how-to-lead qualities, communication, ability to motivate others, and management skills.

Lease attachment or annex formally added. Lists and describes the item leased, required lease payments, and other terms applicable to the lease. The lease terms and conditions are fixed per the master

Law provides specific remedy or damages for property damage, bodily harm, or violation of a right.

Enacting additional necessary restrictions instead of closing or preventing loophole abuse, as intended. For example, instead of changing one law to include everyone originally intended, the legislature enacts an unnecessary law to

Standard measure of surrounding medium toxicity. Half of the sample population (50%) of a specific test-animal in a specified period die from exposure via inhalation or respiration. As a toxicity comparison, LC50

1. In Contracting, this is a pre-qualifying of respondents for stated services, based on stated resources and experience. Done before sending out requests for proposals (RFPs). Contractors or vendors provide a written

1. Time-bound, fixed charge or fee. 2. To eliminate bottlenecks and minimize work-in-process inventory, different production rates balanced by an output rate.

When a company uses its high credit rating to borrow funds to invest.

To compensate for unpaid overtime, working days given as offdays.

Term life insurance with terms for the insured’s expected remaining years of life. Contrast to ordinary life insurance policy, typically having a set age, like 65 years of age, as its term.

Hospital-stay-allowed-time as a day’s count for the insured. Typically 90 days per stay is allowed under Medicare policy. In case an extension in hospital care is necessary, a lifetime reserve to be

The maximum price fluctuation for a given contract on the futures markets. Typically triggers a trading halt as measured against the previous day’s close. Refer to Locked Limit Down; Locked Limit Up.

A co-owner of an organized, limited partnership business, having limited personal liability for the firm’s debts, who does not participate in the company’s management. Also known as nominal partner. Contrast to a

A budget with grouped cost centers or departments as individual financial statement items. Current and future period estimated figures is compared to past accounting or budgeting period financial data.

Mathematical technique that uses scatter graph data points to find the best fit of a straight line as a linear function. Reason for this effort is to project future function values. Extending

The time when a company sell of a portfolio or asset to compensate for risk. Refer to holding period.

Written words, numbers, or symbols in any medium, but not audio visually, expresses an intellectual content.