Category: L

Built in to the insurance cost, this amount covers insurer operating cost, periodic insurer’s losses higher than anticipated, and interest earned from the insurer’s investments. The amount required to only cover losses

An arrangement allowing a chosen, earnest buyer time to complete its purchase free of pressure from competition. Seller’s and buyer’s written or oral contract requiring that the seller not seek or accept

Statistical estimation technique for straight-line, linear relationships between two or more variables. A dependent variable is influenced by one or more independent variables in this case. The data values, converted to their

A yield curve of more than seven years. Refer to belly of the curve and short end.

Five years or longer strategy to achieve intended performance goals of an organization. Planned improvements of organization’s competitive position, profitability, technology leadership, investment gain, productivity, employee relations, and corporate image are considered

Claim adjustment’s total cost over and above the actual claim payout, which is excluded.

In a particular time frame, loss reoccurrence tally.

Entity receiving loss payout benefits, such as a mortgage borrower

1985 US Supreme court decision, ‘Cleveland Board of Education vs. Loudermill’, gave public employee property rights in their jobs. A public employee cannot be terminated without due process involving a pre-termination hearing,

Business and financial capabilities, past performance, and reputation of this qualified bidder meets the required standards, with this bidder also having the lowest or best bid price.

1. Transporting vessel receiving its cargo. 2. Transportation vessel’s loaded cargo for transport. The cargo’s carrier issues a receipt known as a bill of lading.

Regulations on commercial activities involving trademarks. Federal regulations that ensure trademarks are unique to their users. It intends to reduce consumer confusion seeking to identify well-known goods or services. Also known as

An approach where the last acquired product is the first one out for sale. Refer to first in first out.

Submittal deadline a beneficiary of a letter of credit (L/C) has for required documents to receive the payment. If the L/C has no specified, either the L/C validity date or the date

Statistical observation that any anomaly can be discovered by comparing different or larger samples if the samples from a large group of the test population trend to the group’s characteristics. Also refer

Typically the venture capitalist initiating the deal, acting on behalf of the other investors. Oftentimes it is the partner or investor with the largest share of capital in a syndicated financing arrangement.

Ten underlying economic indicators as a composite index. Individually or combined, their trends predict changes in the economic cycle. Conference Board releases a report on this composite on or around the 20th

Health care, literacy, and per capita income are criteria for the UN designating some of the world’s poorest countries (48 in 1995) as ‘least developed’. Africa, Asia and Pacific, and Haiti have

Sum total of an individual’s legal advantages and disadvantages. Defined as the lawful characteristics and qualities of an entity. An example of these are a person’s age or asset ownership. From this,

For a common cause or in mutual benefit, friendly parties exchange or transfer of goods and services to each other.