Category: L

Risk management techniques used to prevent loss and increase profit.

Payment authorization clause. Covers insured payout to insured entities who are not the insured. Protects a mortgage lender, as an example.

Estimated damages method to compensate a seller for lost profits caused by buyer’s breach of contract.

Appeal to a higher court is allowed on a decision made by this court, having jurisdiction to hear a specific case,

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

US immigration services event to mitigate an unavailability of qualified American workers to place in job vacancies. The employer documents its plans to sponsor a foreign national, based on legal and permanent

Stealing an employee from a company by offering greater incentives. Intent is to gain intellectual capital and deprive the competitor of a potentially key employee.

An economic philosophy that suggest government involvement in finances is not necessary. The market will balance itself out naturally.

Anaerobic decomposition of organic waste at landfill sites causes gases, like methane, to occur.

Transfering to the insurer high risk low loss securites.

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

Two or more trusts in sequence where each sequential trust is the beneficiary of the prior trust.

An entity, typically, a person, that provides direction to those who follow. Often holds a dominant or superior position within a specific field. Exerts a high degree of control or influence over

Refer to Long-term Equity Anticipation Security

Entity documented as the one leasing. Accountable for the agreement’s terms. One or more leasees on a lease is required. The leasee pays agreed-to amount. A complaint against the leasee by the

Computer programs and systems, like a database system, that is an organization’s operation essential, deemed to be enterprise in nature, or obsolete due to format or as an unsupported system. One of

Insurance providing legal services to policyholders. According to a schedule, the policyholder pays for services.

a legal action or intent announced by advertising in newspapers or some public posting.