Refer to Long-term Equity Anticipation Security

A site that attracts customers to the insured’s business. One of the four kinds of dependent properties covered under business income insurance.

Documentary material or records under lawful control, ownership, with access to possess, or responsibility for.

Lawful pursuit for justice or decision under the law, typically leading to proceeding within the jurisdiction’s court system. An entity accuses another for a unlawful action, to protect an entity’s rights from

A lawful or legally standing association, corporation, partnership, proprietorship, trust, or individual. Has legal capacity to (1) enter into agreements or contracts, (2) assume obligations, (3) incur and pay debts, (4) sue

Specifically, a leasehold estate authorized with a set term by a deed .

Sum total of an individual’s legal advantages and disadvantages. Defined as the lawful characteristics and qualities of an entity. An example of these are a person’s age or asset ownership. From this,

Intangible asset’s lawful duration. Patent or copyright is an example of such an asset. If an asset’s economic life is shorter than its legal life, the computed amortization uses the economic life.

Travel taken from one stop to another. Also known as portion or segment.

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

Enacting additional necessary restrictions instead of closing or preventing loophole abuse, as intended. For example, instead of changing one law to include everyone originally intended, the legislature enacts an unnecessary law to

Gaining status slowly by making one decision at a time.

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

how long a person has worked at a company or has belonged to an organization. Longevity in a position; duration of service or employment.

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

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.

It may or may not also be a depository institution. A bank, credit union, or finance company that makes loans.

A party is excused from sharing liabilities arising out of the agreement as a stated provision in said agreement.

Stay in a hospital or similar medical facility as a total length of days.

Airline industry dimensioning method to compute the largest permissible shipment’s size. Formula: Length as the largest measurement plus (2 times the Width) plus (2 times Height).