The settlor or trustor establishing a trust gives written, non-binding instructions or guidance of the trustee. The settlor must avoid any impression that the settlor is trying to make the trustee a

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

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

Raised letters or images pick up ink from a roller and transfer it to the paper. It is a relief-printing process used first by Gutenberg in 1455. Oldest method of commercial printing.

A government assigns title or rights to a private entity through this legal instrument.

Entity assignment as estate administrator or executor by this court -issued document. Necessary if no will (intestate) for the deceased’s estate. Refer to Letters of Administration.

Defined by American National Standards Institute (ANSI) as 8

New contract and renewed contract commissions are system-regulated to be the same percentage of the premiums.

Universal life insurance option paying the policy’s face value or a specified accumulation value percentage upon the insured’s death.

1. Time-bound, fixed charge or fee. 2. To eliminate bottlenecks and minimize work-in-process inventory, different production rates balanced by an output rate.

Indicates serious and immediate health effects possible to any person exposed to a hazard even for a short period. Concentration level of an extremely hazardous substance in air.

Coordination, follow up, liaison work does not result in a definitive end product or outcome; work of a general or supportive nature.

Buyer interest for a specific product in a specific purchase decision as a degree of intensity.

Effort in providing service appropriate to satisfy customer needs and desires of clientele the firm wishes to attract and is not a profit killer. Measured amount and kind of service

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

Authorized or directed inventory quantity, to meet anticipated consumption or demand, stated for a stores or materials department.

Scheduled loan repayment. Schedules a fixed number of fixed-amount monthly installments. Interest and principal allocation shifts from month to month. Early on, interest allocation is high. Over time, interest allocated decreases and

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

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

Smooth flow of production over a period driven by sales and production departments agreeing on a fixed level of output volume and output duration. Minimal disruptions from sudden demand-level changes needed. Matching