Term life insurance with terms for the insured’s expected remaining years of life. Contrast to ordinary life insurance policy, typically having a set age, like 65 years of age, as its term.

Per the mortality table being used as a reference, the average amount of years remaining in a person’s life.

Upon untimely death of its policy holder, the insured, a financial intermediary as the insurer, shares the financial risk.

Regular payment of a certain sum for the life of the annuitant guaranteed by this annuity. Payments continue to a designated beneficiary until the end of a set period in case the

A process for managing system software, hardware, and support over the life of a system. In this process, the focus is on the initial development and implementation stages as projects expend at

Knowledge classification scheme for subject divisions, indicated by letters, and their subdivisions by numbers. Known as call numbers for books, and other material, as a part of a library’s systematic cataloging and

Life-span projected Item. A set lifespan for an item, either as time, like 1,000 hours, or as usage, like 100,000 miles, stated by its manufacturer or vendor.

To assist with resource allocation planning to various projects, life cycle theory is applied to project planning, projections, and decisions.

An business-building entity whose purpose is altering their and others’ personal lifestyles, not solely for profit. Success in this business reflects well the passion the entrepreneur has for what it is doing.

Improving an entity’s standard of living defined by a luxury good becoming a necessity. The improvement comes either as an income increase or lifestyle cost reduction. As an example, a family rents

Another name for lifetime value of a customer.

In one’s estimated 70-year lifetime, the exposure to a substance that one will get as a total value.

Health, safety, sustenance, protection, and a means of escape, survival, and recovery of personnel is how this application of scientific knowledge ties into critical human factors.

Estimated total profit, or loss, resulting over the life an ongoing business relationship with a customer. Comparatively higher value from marketing expenditure and/or salesperson compensation justify a high lifetime return on goods

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

a port’s cranes and derricks load and offload a containerized cargo ship.

Consumer electronics and clothing manufacturing are examples of light industry. It is part of an economy’s secondary industry. It has less capital-intensive and more labor-intensive operations. End consumers rather than other businesses

LIFO method inventory amount in contrast to the FIFO method inventory amount.

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.

1. In Contracting, this is a pre-qualifying of respondents for stated services, based on stated resources and experience. Done before sending out requests for proposals (RFPs). Contractors or vendors provide a written