Category: L

An organization’s chain-of-command job position accountable for the organization’s resources decisions to generate revenue and achieve organizational objectives. Also refer to line and staff management.

A conference carrier provides this scheduled service.

Property for lease or sale assigned to an authorized real estate broker. Also known as listing.

A insurance rider attached to a life insurance contract for an insured person who is terminally ill, providing long-term care benefits.

For making a mortgage loan, the lender charges a fee to the borrower. Typically a percentage of the loan principal.

When a company allows a white knight to purchase its most valuable assets to prevent a hostile takeover.

For loans on a collateralized security, this is the interest rate charged by the central bank of Germany.

The current market value of a brokerage account’s securities calculated daily.

2,240 pounds, also called an imperial ton. Mostly replaced these days with the metric ton or tonne. Weighs 1,000 kilograms or 2,204.68 pounds. One million dollars in new one dollar notes is

Current year’s net loss offsets previous year’s taxable income as an accounting adjustment, giving a tax refund as already paid. US tax law allowance. Also refer to loss carryforward.

Loan payments a consumer cannot make and no longer recoverable are a loss amount. T

The ability an insurance company has to cover its loss with premiums.

Loans given to borrowers unable or unwilling to give a lender certain information or documentation. A variety of loan types are considered to be low documentation. Not everyone is eligible for this

Measuring a light source’s Intensity in a unit area. Also refer to illuminance.

Financial market, economic indicators that only change following economic change to a new trend or pattern. Usually six months precedes a shift in these indicators, trailing behind the overall economic cycle versus

Time-bound tally of expired insurance policies versus the tally of the same-period’s new policies written. An insurer’s measurement. Also known as expiration ratio.

Trading for a particular delivery month ends on this final day under the rules of a futures exchange. At the end of this last trading day, making or taking delivery of the

Converting illegal funds into legal by absorbing it into legal commercial cash flow.

Going onto a piece of land or a premises under a claim or court order by a non-owner or non-occupant,

Refers to an easy business operation or a virtually guaranteed success. A sale or trade is almost 100% certain to take place. A plumbing metaphor of a lead pipe attached to another