Category: L

The insurer / insurance company hires one for an insured’s insurance claim investigation and settlement an insured. This person is typically and independent entity. Also refer to loss adjustor.

Income loss on a company’s financial statement accounting for litigation proceedings’ financial impact.

Lessening damage payout by hazard elimination or reduction. Insurer or outside organization inspect and engineer improvements.

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

Employing ‘lean thinking’, doing more with less, continues efforts to eliminate or reduce ‘muda’, Japanese for waste or any activity that consumes resources without adding value to design, manufacturing, distribution, or customer

Held as a ledger’s separate page. Classifies each as an asset, liability, or owners’ equity. Records each balance sheet item’s increases and decreases. Also known as an account.

The way a right is enforced by a court of law when injury, harm, or a wrongful act is imposed upon another individual. The laws of remedies will be based on the

Stay in a hospital or similar medical facility as a total length of days.

Contract award to the winning bidder is document by the customer, owner or principal. Award amount, award date, contract signing date are additional particulars in this written confirmation. It may also contain

The settlor or trustor establishing a trust gives written, non-binding instructions or guidance of the trustee. The settlor must avoid any impression that the settlor is trying to make the trustee a

Scheduled loan repayment. Schedules a fixed number of fixed-amount monthly installments. Interest and principal allocation shifts from month to month. Early on, interest allocation is high. Over time, interest allocated decreases and

1. Lawful monies owed, like a tax or usage fee. 2. Collected monies. 3. As a judgment or to pay a debt or claim, lawful seizure of a debtor’s specific asset or

Tally time-bound or over a full life span for a good, service, structure, or system of all recurring and onetime costs Cost to buy, install, operate, maintain, upgrade, as well as residual