Category: L

Traded on the stock exchanges and over the counter, with long expiration dates of two to five years instead of the usual nine months, this is a US call or put option

To reduce the frequency or severity of losses, human, engineering, and risk management practices are employed as a multi-disciplinary approach.

Identifying and preventing events causing potential value losses to revenue, assets, or services as a company’s active business practice. To limit the chances of loss, the company’s operating policies or business model

1. In Insurance this is the total of money lost. It is by policy payout, often stated by period. 2. In General business, this occurs whenever overhead expenses exceeds income.

Using the lowest average account total to calculate interest amount.

One-time, single large payment. No smaller payments; no intervals.

Identifying information on packaging about its contents, on a container holding several packages, or the product itself. Relevant safety and shipping laws govern the type and quantity of information that must exist

Prima facie evidence of land ownership. Similar to a deed for unregistered land. Document of title issued by a government’s land registry agency for registered free-hold or lease-hold land.

Claims over a specified amount are placed in a pool to help curb fluctuations in premium amounts for smaller groups, as the pool is made up of claims charged by several smaller-sized

When clients enter mutual funds after the market is closed. This is illegal.

A product’s demand by a consumer declines with each additional unit acquired or consumed. A perceived, psychological generalization on the value of, or satisfaction gained.

Two or more trusts in sequence where each sequential trust is the beneficiary of the prior trust.

An entity, typically, a person, that provides direction to those who follow. Often holds a dominant or superior position within a specific field. Exerts a high degree of control or influence over

Refer to Long-term Equity Anticipation Security

Lawful pursuit for justice or decision under the law, typically leading to proceeding within the jurisdiction’s court system. An entity accuses another for a unlawful action, to protect an entity’s rights from

Person unable to make rational decisions or engage in responsible actions. Mental and/or physical deficiency, disability, illness, drug use causing temporary or permanent impairment.

A country with a struggling but developing economy.

An importer self-obligates accepting a bill of exchange and, on its presentment at a certain bank, paying the stated amount, as documented in this letter. Securing that bank’s acceptance of an exporter’s

Entity assignment as estate administrator or executor by this court -issued document. Necessary if no will (intestate) for the deceased’s estate. Refer to Letters of Administration.

Constant production rate regardless of demand fluctuation. Maximum plant capacity utilization and balanced workforce size are the objectives.