Category: L

Maximum loss estimate most likely due as an exposure. the insured takes special attention to loss prevention measures.

When a company liquidates assets, it must record income decrease on the balance sheet.

For a lot: Defined quantity; item count. Another name for lot size.

Alphabet’s uncapitalized letters. Found in printing establishments that utilize handset foundry type, it is generally stored in the lower part of a type-composer’s job case. This is the source of its name.

Organized, arranged, steady income-producing investment portfolio. Bonds with different maturities spread the investment amount to hedge and minimize interest rate fluctuation impacts. Equal amounts of money buys bonds due to mature in

Condition of acreage having no direct access to the sea, being totally surrounded by other unique land areas. An example is Switzerland.

Previous tender identical or similar items’ agreed-to prices.

side-by-side hanging-file filing cabinet, displaying all file tags/labels at once. A lateral file cabinet is wide instead of deep. Contrast vertical shelf file.

Economic concept that optimization brings an increase in returns from a manufacturing operation. A change in the proportion of production factors can push toward the optimum or away from it. An example

Collecting names and contact information about qualified sales prospects as a process. Intent is to contact these leads by the salespeople seeking sales orders. Direct response advertising and telemarketing are the biggest

The mechanisms for making, communicating, and executing decisions, and for selecting and training leaders and managers organized into a repeatable process. Leadership is exercised through formal and informal organizational structure, policies, and

A lender, bank or leasing company has a lease agreement and arranges any financing required.

Lawful accountability and obligations required due to civil actions or torts, or a contract’s terms. Only a court-decision can set this obligation even if by mutual agreement a settlement occurs out of

Law passed to prevent consumers from being stuck with non-performing, unwanted products.

Formal acceptance of a position or award by the successful candidate using written communication. Details of a position including salary, perquisites, starting date, location of the reporting office, and the name of

Parent company gives written notice to a bank of good-faith intention of financial support for a subsidiary working to borrow money from the bank. Not a binding contract of support for the

Coordination, follow up, liaison work does not result in a definitive end product or outcome; work of a general or supportive nature.

Financing a company’s growth by borrowing against the employee stock exchange ownership program funds.

Annuity from a certain date that pays over the life of an individual. Also known as whole life annuity.

Regular payment of a certain sum for the life of the annuitant guaranteed by this annuity. Payments continue to a designated beneficiary until the end of a set period in case the