Category: L

Futures exchange for non-ferrous metal and plastics based in London, England. 1571 saw the establishment of the Royal Exchange, London’s first stock exchange, which evolved into the LME.

Health care professionals administering to people with diseases or disabilities lets this term refer to health or social care.

Options traded with maturity dates that are between two to five years.

In accordance with the terms and conditions of the rental agreement, safe driving of a rental car relieves the customer of damages arising from loss of the car or any damage to

Lawful damages payout is required that financially positions the offended party of a breached contract to where the offended party would have been financially if there had been no breach. A legal

Summary statement of an insurer’s not-yet-settled claims.

Using foreign companies with lower wages to generate manufacturing resources as a company’s procurement strategy. A company may be able to lower operational expenses by locating companies operating on leaner budgets than

Used in tidal predictions , consist of a period of 24 hours and 50 minutes. Also known as tidal day.

First Monday in September; an observed US Federal holiday. Authorized in 1882, it gives a guaranteed day off to working individuals. Parades, cookouts, and shopping are a typical event on this holiday.

Adding driveways, fencing, parking spaces, pavements, walls, and the like as limited-life enhancements to a parcel of developed land. Also refer to land development.

When a stable insurer underwrites a large risk in one policy.

1. ending at manifestation of effects and beginning at first exposure to a hazardous substance. 2. ending at a computer/device-command’s execution and begun when the command was given. 3. Measured elapsed time

Economic concept: Increase one production factor, such as the number of workers, for example, leaving other factors, such as machines and workspace, for example, as is, output will lessen as a ratio

Employment suspension or termination with or without notice due to no fault of the employee. Lack of work, cash, or material can be the reason. Redundancy is a term for a permanent

A site that attracts customers to the insured’s business. One of the four kinds of dependent properties covered under business income insurance.

Lessons expectations statement for a student. Allegedly provides the student a detailed description of what ability is gained when the instruction ends. To assist students on how to make practical use of

Documentary material or records under lawful control, ownership, with access to possess, or responsibility for.

Conspicuously displayed table containing symbols with concise explanation that are used in a chart, diagram, drawing, map, table, and the like.

Present value of future lease income plus the leased asset’s present value of its projected end of lease term value.

Enables an accepting bank to sell the shipment if the buyer does not accept or pay the bill of exchange. A bank or lender is authorized to seize and sell the documented