Category: L

Periodic but anomalous cooling of the surface waters of eastern equatorial Pacific ocean (off South American coast), causing the opposite effects experienced during El Ninio. Typical effects include a cooling in the

Experienced as a single enterprise system by its users. Geographically dispersed, solidly interconnected and varied computer systems.

Denotes stock with $5 billion or more in market capitalization. A US term. Typically a large publicly held bluechip firm. Such firms are seen as major drivers of the US economy, and

This fee is either flat-rate or percentage of the amount due. An account holder not making an account payment by the stated due date is assessed this monetary charge.

Typical effect seen that lower prices stimulate demand and higher prices dampen it. Observation that, as a general rule, the demand for a product varies inversely with its price. Contrast to Giffen

Retail promotion scheme allowing the customer to leave a deposit for time-limited storage at the store of customer-picked items not fully purchased until the customer returns to pay-in-full. T

Steel, with 0.15 to 0.35 percent lead as a lubricant to make more machinable. It also contains about the same amounts of sulfur.

Automatic pay increase or claims for a pay increase for employees based on maintaining pay parity or differential with other employees who gained a pay increase.

Because its data cannot be updated to newer or standard formats, or its applications easily upgraded, obsolete computer systems may be operation essentials.

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Form for commercial-crime insurance coverage of the loss of non-cash items held within an insured’s safe deposit box kept in a depository facility, like a bank.

Outstanding principal balance, accrued interest, interest rebate, and early payment penalties, if any are documented and prepared by a lender for a borrower who is paying off a loan before the completion

A government assigns title or rights to a private entity through this legal instrument.

Buyer-seller arrangement seeking to eliminate huge demand swings due to seasonal factors. In exchange for a discount or guaranteed delivery, the buyer agrees to buy a definite amount of a good or

To allow an increase in liberal actions than in previously circumstances.

As an improvement in marketing concept, goods and services live a progression from cradle to grave as a life span like people and living organism. Almost every product goes through the stages

Improving an entity’s standard of living defined by a luxury good becoming a necessity. The improvement comes either as an income increase or lifestyle cost reduction. As an example, a family rents

To determine what type of products moved quicker than others, companies use this method of comparing current year sales figures to prior years sales figures.

US business structure type that is relatively recent. It combines corporation limited personal liability with partnership or sole proprietorship single taxation. Each shareholder files own separate tax return. Profits and tax benefits

Commonly used in large, centralized corporations as .a military-type organizational structure.