Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

KARL MARX

The foundation of communism evolved from this revolutionary socialist thinker. He strongly opposed capitalism, believing it would destroy societies by increasing tensions and disparity between workers and owners. His theories and ideas

K-COMMERCE

Knowledge Exchange as the basis of an economy where knowledge capital is the defacto currency, an underlying premise in knowledge-based economies .

KDE

K Desktop Environment. KDE was a project begun by Matthias Ettrich in 1996. It was developed mainly by European volunteers. It is a Linux-based non-proprietary graphical user interface (GUI). It works with

KEEPWELL AGREEMENT

A parent company and a subsidiary imitate such a contract to guarantee the subsidiary all necessary financing over a specified time-period. The parent company provides this. This contracted support gives potential lenders

KEIRETSU

A group of companies who have a shared interest but are not organized into a central company. Refer to Chaebol.

KELLER PLAN

Learning material presented in small units of personalized instruction. Behavioral psychologist Fred Keller, developed this approach, which bears his name. Instructors only facilitate, grade as pass or fail, administer no punishment at

KELVIN (K)

Irish physicist William Thomson (1824-1907),honored as 1st Baron Kelvin (Lord William Kelvin), developed this scale. Temperature scale beginning at absolute zero (273.15

KEOGH ACT PLAN

Also referred to as a HR-10 plan. A plan that allows those who are self-employed to set up a retirement plan and have access to tax benefits comparative to the benefits offered

KEOGH PLAN

In the US self-employed individuals and employees with no pension plan can set up this self-contributory saving or pension plan. New York Congressman Eugene J. Keogh proposed it. Individuals set aside a

KERBEROS

User authentication scheme for Open source (non-proprietary) and public domain (free). A client-server environment’s network security system. Named after Greek mythology’s fierce three-headed guard dog. At user login and every service request,

KERMIT

Software named after the Muppet frog character in the children’s educational program, Sesame Street. Controls data exchanges between PCs and mainframe computers. It is an asynchronous file-transfer protocol, largely replaced by internet

KERNEL

Computer operating system nucleus. Manages core operations and hardware resources allocation. Also refer to shell.

KERNING

Spatial adjusting between certain characters along a text line. Natural shape and slope improve character appearance. Letter combinations like WA and VA look awkward and slow smooth eye flow along a text

KEY EMPLOYEE

Essential, main employee stakeholder in corporate operations. May be an officer with voting rights able to influence the company. Any employee owning company assets 5% or more of the total and/or receives

KEY ESCROW

Copy or copies of a code, password, or secret key protected by a third party for use in an emergency or when the originals) is(are) lost. Escrowed items may be separated to

KEY JOBS

Organization’s and Labor market’s common jobs used to determine general pay scales. Clerks, drivers, janitors, and secretaries are examples of common jobs.

KEY LIFETIME

For encryption-decryption security, private decryption keys have no expiration, an indefinite lifetime. Secret keys, however, have terminal lifetimes that need to be defined in an organization’s security policy.

KEY MAN RISK

The effect losing one important member of the team causes.

KEY MONEY

Deposit on a leased property paid by the lessee.

KEY PERFORMANCE INDICATORS (KPI)

Key business statistics as measures of a firm’s performance in critical areas. Typically, monitoring is essential for such business activities that would likely cause severe losses or outright failure if done incorrectly.

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