Category: L

Metal products typically sold by length, such as angles, bars, rods, and the like.

To identify a long-term trend, applying this statistical study. Also refer to cross sectional study.

Current year’s net loss offsets subsequent years’ taxable income as an accounting adjustment. Even a partial loss carryback of up to 20 years under the US tax laws is possible.

Below-cost sale as advertised of goods or services. Intended to increase retail store customer visits. Assumption is visits will also increase full-priced item purchases. Also refer to price leader.

When insurance premuim goes up according to loss ratios.

An asset whose strike price is close to zero.

1. Single large amount; no smaller amounts; no installments. 2. Entire lot’s , or group of goods or services’ single price. Given no individual item breakdown.

Leadership style that is non-authoritarian. Such leaders give minimal guidance to subordinates, controlling with less obvious means. People are expected to excel, being left alone to respond to their responsibilities and obligations

Mobile, portable, compact personal computer; the primary attraction over desktops. Contrast to a desktop computer. Screen exist in the cover and can be lowered to close the laptop for easy transportation. Typically

When the borrower has not made a payment when it was due, a lender can impose an additional fee.

Company that involves itself in the business of law. Lawyers that work together under a specific firm name, may only focuses on certain kinds of law, deal with various general law cases.

Easygoing, loose, un-restricted. An expectation of discipline not tightly held, like a business dress code allowing jeans on Fridays.

a product or service user driving the leading edge of significant market trends. Meeting the needs of these users is a strong incentive for solutions. As user needs become the mainstream, development

Business or finance decision to act based on available information or analysis but with an uncertain the outcome. Attributed to the religious act of accepting the existence of a deity without tangible

Value calculated as: total premiums paid minus the end-of-year policy value minus dividends. Life insurance policy’s net cost.

Lawfully certified weight based on the use of a lawfully certified scale or weight counterbalance. An article’s unit weight is calculated by adding the article’s basic weight and the wrapping and container

A manager or interviewer rates an employee or the candidate too positively, causing a performance appraisal or interview bias. Contrast with strictness error.

Buyer’s or importer’s bank, known as the issuing bank makes a written commitment to the seller’s or exporter’s bank, known as the accepting bank, negotiating bank, or paying bank. A written commitment

Distance between printed text characters. This spacing is adjustable to increase or decrease the average distance between letters. Can be applied to a block of text or paragraph. ‘Proportional letter spacing,’ adjusts

A premium that doesn’t change despite any increase in risk.