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

LINER CONFERENCE

Scheduled cargo and/or passenger service on a specific trade route under set rates and terms under this type of agreement among two or more shipping companies. Also known as shipping conference.

LINER

1. A scheduled service between fixed ports on a trade route by such a cargo and/or passenger transport shipping line operations. 2. Material placed between two other materials to serve as a

LINES

In a surplus treaty a reinsurer agrees to accept this amount.

LINKAGES

Tasks, functions, departments, and organizations integrated to achieve shared objective are related to each other, having interactions that promote the flow of information and ideas.

LIQUEFIED NATURAL GAS (LNG)

Mainly methane and ethane, natural gas as a liquid is 1/600th of its volume as a gas. LNG is stored and transported in insulated pressure containers. Compressed at moderate pressure, but unlike

LINUX

World’s most popular non-proprietary open source computer operating system (OS). Its proven efficiency, dependability, and reliability is the reason for its popularity. Linux runs the UNIX OS core ‘kernel’ on nearly every

LINEARITY

1. Un-natural, mostly theoretical property of ordered systems and straight lines, characterized by ‘good behavior,’ predictability, and simple proportions. It is not a common feature of the natural (real) world and exists

LIQUIDITY SQUEEZE

Lending institutions’ reluctance to loan reserve money based on short-term money-availability concerns. This makes it more expensive for banks to borrow funds from each other as interbank market interest rates increase placing

LISTERIOSIS

Infected ready-to-eat meat, dairy products, salads, and cook chill dishes transmit Listeria monocytogenes, a grampositive bacteria that causes foodborne disease. Dark red rash over legs and trunks, flulike fever, and lethargy, leading

LISTED SECURITY

Investment instrument, stock, shares, bonds, officially quoted or listed for public trading on a stock exchange. In over the counter market in the US or in alternative investment market in the UK

LIST BROKER

Entity that sells categorized lists for use in direct mail campaigns, of people in a geographical area.

LISTING REQUIREMENTS

Conditions that a firm must meet before the security, be it a stock, shares, or bonds, is officially quoted or listed for public trading on an organized stock exchange. Some of these

LINEAR RELATIONSHIP

A Statistical term. Defines the relationship of direct proportionality between two variables, expressed by a linear functions, graph plots a straight line, when one variable changes the other variable must change in

LITERARY WORK

Written words, numbers, or symbols in any medium, but not audio visually, expresses an intellectual content.

LISTING AGREEMENT

An contract that authorizes the broker to sell or lease the property at a set price and terms. The broker receives a commission or other compensation from property owner following the closing.

LIVE SPACE

Area inside a wall that reflects sound, thus sustaining it.

LITERAL CONSTRUCTION

Document content interpreted based solely on its textual basis, that is it actual words and phrases, and without extrapolation on its deemed or stated purpose. Also known as strict construction. Contrast to

LISTING MARK

Certification mark given as a stamp of approval organizations that apply independent standards or testing on qualifying goods and materials. The ‘UL’ mark is such a mark given by Underwriters’ Laboratory, which

LINEAR REGRESSION

Mathematical technique that uses scatter graph data points to find the best fit of a straight line as a linear function. Reason for this effort is to project future function values. Extending

LIKE-FOR-LIKE SALES

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.

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