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

LINE SHEET

In Insurance, this is a schedule listing liability limits an insurer can write for different risks. It is a guide to determine the limit of liability ceding insurance companies will undertake on

LINE SLIP

A broker-written document describing a prospective risk that is given to underwriters to decide on their willingness to insure what fraction of risk described.

LINE STOCK

Screws, washers, nuts and bolts do not merit piece by piece costing, being of such low value, yet, are identified as common parts or components of a product.

LINEAR FUNCTION

A mathematical equation with only one independent variable, whose solution graph plots a straight line, expressed mathematically as (y = a + bx). Also known as linear equation.

LINEAR MARKET

A straight line movement of goods from one end of the supply chain to the other in a traditional distribution channel.

LINEAR PROGRAMMING

Mathematical computer modeling simulation technique. Calculated the best solutions for allocating energy, machines, materials, money, personnel, space, time, as limited resources to achieve maximum profit or minimum cost. Applies only where every

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

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

LINEHAUL

Long distance cargo transport for more than 1,500 kilometers or 1,000 miles between two major cities or ports.

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

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.

LINES

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

LINES PER INCH (LPI)

A half-tone screen’s horizontal and vertical line or wires count. More lines means a finer screen, smaller dot sizes for printers or smaller pixel sizes for monitors.

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.

LINKED ACCOUNTS

Bank and customer arrangement to cover checking account or credit card limit overruns by allowing the back to withdraw funds from another of the customer’s account like a savings account.

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

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

LIQUIDATED DAMAGES

Cash compensation, agreed to by signed, written contract for breach of contract, payable to the aggrieved party. The contract succinctly specifies what actions, or omissions, constitute a breach. To be legally enforceable,

LIQUIDATING DIVIDEND

A company will issue this type of payment to shareholders if the company is claiming bankruptcy or ceasing business operations. Shareholder company share-count determines a shareholder’s payment amount.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.