Category: L

Measurable economic performance factors. Changes in any factor traced predicts changes in the underlying economic cycle’s particular direction or trend. They forecast forthcoming overall economy patterns as these statistics precede by one

As a reminder of the firm and/or good or service being sold, a salesperson gives the customer a gift.

Social perspective of a legal rule’s validity being authorized by law and socially accepted versus being based on natural or moral law. View of man-made law as posited by man for man,

Airline industry dimensioning method to compute the largest permissible shipment’s size. Formula: Length as the largest measurement plus (2 times the Width) plus (2 times Height).

Existing tenants recognize a new property owner as their landlord for the property they are renting through such a document.

A bank obtains borrower’s written consent to seize an account for non-payment of a loan or other obligations. If a bank believes its normal, lawful right to setoff may be challenged, it

Despite a hypothesis actually being true, the likelihood of data and hypothesis rejection by a statistical test.

To make a company less attractive hostile takeover target, it takes on a huge loan and spreads that money among existing shareholders. Also refer to poison pill.

Research, lawmaking, and increasing public awareness as the means of an administration’s attempts to conserve human lives.

In order to pay up a policy, at a given age premium payments stop, even though the life insurance plan covers the insured for his or her lifetime.

Characters specially designed to give a better ‘eye appeal’ to the printed text. They are not meant for headlines. Two characters, as ‘fi’ in ‘fight’, or three as ‘ffi’ in ‘affiliate’ are

Court action’s decision to recover or compensate damages for less than or equal money than the law allows. Such decisions often happen quicker than full recovery.

This term is used to refer to a contract with low limits and limited forms, specifically in health insurance. These contracts state the specific occurrences where payment will be made

self-contained departments defining the business or industry structure. Each department manager control over department’s affairs and employees. Accountability goes upwards from the bottom along the chain of command, while authority travels downwards

Scheduled cargo and/or passenger service on a specific trade route under set rates and terms under this type of agreement among two or more shipping companies. Also known as shipping conference.

Stock exchange public trading company with quoted shares. Also known as quoted company.

Livestock is insured using this commercial form. Farm coverage often carries this as an add-on.

Company’s capital in-use that (1) is not equity capital, (2) earns fixed rate interest, not dividends, 3) irrespective of the company’s financial state must be repaid within a specified period, .

A deposit made that is held on to until its maturity date by the bank. Refer to a floating rate or negotiable certificate of deposit.

Consumer identifier, recognizable and distinctive. Solely for identifying an organization, not a product, it is a graphic design, stylized name, unique symbol, or other device. Also known as logotype. Appearing on all