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 […]
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LIFESTYLE ENTREPRENEUR
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 […]
LIFETIME COST
The total cost incurred by possessing certain goods over their lifetime. This is added on to purchase cost. Maintenance, insurance, renovation, and the like are typical add-on costs. These extra […]
LIFETIME EXPOSURE
In one’s estimated 70-year lifetime, the exposure to a substance that one will get as a total value .
LIFETIME PROCEEDS
Another name for lifetime value of a customer .
LIFETIME RESERVE DAYS
Hospital-stay-allowed-time as a day’s count for the insured. Typically 90 days per stay is allowed under Medicare policy. In case an extension in hospital care is necessary, a lifetime reserve […]
LIFETIME VALUE OF A CUSTOMER
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 […]
LIFO RESERVE
LIFO method inventory amount in contrast to the FIFO method inventory amount.
LIFT
To raise; to take up. To “lift” a promissory note is to discharge its obligation by paying its amount or substituting another evidence of debt . To “lift the bar” […]
LIFT VAN
Personal goods and merchandise are export overseas in this study wooden crate.
LIFT-ON, LIFT-OFF (LOLO)
a port’s cranes and derricks load and offload a containerized cargo ship.
LIGA
In old European law. A league or confederation . Spelman.
LIGAN, LAGAN
Goods cast into the sea tied to a buoy, so that they may be found again by the owners, are so denominated. When goods are cast into the sea in […]
LIGARE
To tie or bind. Rraet. fol. 3096. To enter into a league or treaty. Spelman.
LIGATURES
Characters specially designed to give a better ‘eye appeal’ to the printed text. They are not meant for headlines. Two characters, as ‘fi’ in ‘fight’, or three as ‘ffi’ in […]
LIGEA
I11 old English law. A liege- woman ; a female subject. Reg. Orig. 3126.
LIGEANCE
Allegiance; the faithful obedience of a subject to his sovereign, of a citizen to his government. Also, derivatively, the territory of a state or sovereignty .
LIGEANTIA
Lat. Ligeance; allegiance. Ligeantia est quasi legis essentia; est vinculum fidei. Co. Litt. 129. Allegiance is. as it were, the essence of law; it is the chain of faith. Ligeantia […]
LIGEAS
In old records. A liege.
LIGHT
A window, or opening in the wall for the admission of light Also a privilege or easement to have light admitted into one’s building by the openings made for | […]
LIGHT EMITTING DIODE (LED)
Electronic device, the diode, that emits light by restricting electric current through it. LED-based lighting bulbs consume little current and last for decades. Red or green came from older LEDs […]
LIGHT INDUSTRY
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 […]
LIGHT-HOUSE
A structure, usually in the form of a tower, containing signal-lights for the guidance of vessels at night, at dangerous points of a coast, shoals, etc. They are usually erected […]
LIGHT-SHIP, LIGHT-VESSEL
A vessel serving the purpose of a light-house , usually at a place where the latter could not well be built.
LIGHTEN UP
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 […]