Category: L

With the intention of holding purchase securities in anticipation of a price increase, an investor purchases or contracts to purchase commodities, financial instruments, and shares. An investor with a long position is

A contract to provide annual seniority-based employee compensation. Given as compensation for their service to top pay-scale employees.

Current year’s net loss offsets previous year’s taxable income as an accounting adjustment, giving a tax refund as already paid. US tax law allowance. Also refer to loss carryforward.

Loan payments a consumer cannot make and no longer recoverable are a loss amount. T

The ability an insurance company has to cover its loss with premiums.

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.

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

Non-payment of premiums causes cancellation/lapse of a policy.

The version of a will superseding all previous versions of this will.

Rapid enforcement of penalties imposed under criminal law drives firm dealing with instances of theft, violence, and disturbance of peace. Law enforcement agencies comply to limit their powers. Society, a vast population,

Explaining how nature works by scientific generalizations. Arrived at by experimenting and/or observing or idealized descriptions.

Amount time needed to set up or prepare to execute from being told that execution must occur. Time that must be allowed to complete an operation or process, or time that must

Intent to be lean and Six Sigma. Management problem solving and quality initiatives approach. Based on Six Sigma and Lean tools combined.

In the revenue accounts of a company’s financial statements, list of liquid cash.

Jurisdiction’s basis of applying law consists of (1) A constitution, written or oral; (2) Primary legislation, statutes, and laws; authorized by constitutionally authorized legislative body; (3) Primary legislation authorized body enacts subsidiary

Statement in promissory notes curbing default recovery, by lender agreement, if default occurs for reasons beyond the borrower’s control, for a stated period of time.

Past-due customer prodding tool, urging the laggard to make a payment. Typically issued one after another. Tone and language get more direct (testy?) as additional letters go out, unless some money is

Securities sold directly by the issuer to a buyer. These must be unregistered stock or bonds, known as letter bonds. The buyer sends a signed letter of intent to the regulatory authorities

All competitors follow the same rules to get equal opportunity to compete regardless of size or financial strength. Economic and legal environment.