Category: L

Carrying passengers using a rented vehicle. Typically an automobile insurance policies’ exclusion.

The point where warehouse meets the outside world; where goods are loaded on/off a vehicle. A warehouse area.

When a swaps principal cannot be increased or decreased no matter what the interest does.

A report where asset prices distribution is calculated using a random variable to show how the market can change. Refer to normal distribution.

B/L with the terms and conditions of carriage printed on its back. Either the older Hague rules or the more recent HagueVisby rules govern these terms. Conditions of carriage are defined as

Five years or longer planning horizon for this type of plan. Also known as long range plan.

The insurer / insurance company hires one for an insured’s insurance claim investigation and settlement an insured. This person is typically and independent entity. Also refer to loss assessor.

The number of losses over a period of time.

When control is gained by buying the majority of stocks in a failing company.

In a trading session, lowest share price of the day’s trade transactions.

Repeat purchases may earn this. Also known as patronage discount.

Conceptual relationship between marginal tax rates and total tax collections in a graphical representation named after US economics professor Arthur Laffer. He proposed that lower taxes encourage greater output and supply, increasing

Concealing theft of cash as a fraudulent practice. A cashier, clerk, or teller takes cash illegally from one customer’s payment to cover up taking cash from a previous customer’s payment, over and

the latest information on accommodation availability as provided by an electronic hotel-room reservation system.

Western Hemisphere designated member countries/areas where mainly Spanish or Portuguese is spoken. These include Mexico, Central America except Belize, and South America except French Guyana, Guyana, and Suriname.

The collection of traditions, customs, statutes, usages, and laws of a country that apply to everyone, including the government, under the jurisdiction of its courts. Also refer to legal system.

Tracking and managing sales leads as a complete process. Beginning with the prospective customers from lead generation to the sales and long-term relationships. Measuring sales and marketing efficiency comes from the data

Measurable economic performance factors. Changes in any factor traced predicts changes in the underlying economic cycle’s particular direction or trend. They forecast forthcoming overall economy patterns as these statistics precede by one

As a reminder of the firm and/or good or service being sold, a salesperson gives the customer a gift.

Social perspective of a legal rule’s validity being authorized by law and socially accepted versus being based on natural or moral law. View of man-made law as posited by man for man,