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.

Contract between the entity buying the policy, as the insured or policy holder, and a life insurance company, as the insurer.

An entity holding a property as a life estate. Also known as tenant for life.

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.

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

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

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

1. To make something lighter. An example is taking inventory off a truck. 2. To liquidate a securities positions. Moving investment portfolio holdings to cash. Selling stocks or bonds to lighten up

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

Personal goods and merchandise are exported overseas in this sturdy wooden crate.

1. In General, this is a boundary of scope, be it authority, power, privilege, or right. Prescribed bounds. 2. In Banking, this is (1) The largest amount a bank will loan to

Even if the principal amount is exhausted this settlement agreement’s life-time option continues paying the beneficiary in installments.

The maximum price fluctuation for a given contract on the futures markets. Typically triggers a trading halt as measured against the previous day’s close. Refer to Locked Limit Down; Locked Limit Up.

To determine what type of products moved quicker than others, companies use this method of comparing current year sales figures to prior years sales figures.

A promise to buy securites at the closing market prices.

A promise to buy securities between broker and buyer if the peak financial condition is reached.

This is a statistical term. A numerical value coincides with each potential choice. A mean value for all the responses is calculated at the end of the evaluation or survey. This is

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.

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