term used in a policing where a group of similar looking people are lined up and a witness is asked to select the suspect.
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L
LINK
A unit in a connected series; anything which serves to connect or bind to- gether the things which precede and follow it. Thus, we speak of a “link iu the […]
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 […]
LINKED FINANCING
Depositor and bank, or other financial institution , agree in writing to have the bank extend loan(s) to a certain borrower. The credit balance amount in the depositor’s account limits […]
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 […]
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, […]
LIQUEFIED PETROLEUM GAS (LPG)
Butane and propane as petroleum gases are usually a liquid under pressure when stored and transported. LPG does not require cooling to be liquefied. Contrast to liquefied natural gas (LNG). […]
LIQUERE
Lat. In the civil law . To be clear, evident, or satisfactory. When a judex was in doubt how to decide a case, he represented to the praetor, under oath, […]
LIQUET
It is clear or apparent; it appears. Satis liquet, it sufficiently appears. 1 Strange, 412.
LIQUID
Easily and quickly convertible, either an asset into cash or cash itself.
LIQUID ASSET
An asset convertible to cash with no loss in value on short notice .
LIQUID ASSETS
Any asset that can be turned into cash when needed.
LIQUID CRYSTAL DISPLAY (LCD)
Electronic device with semiliquid material molecules between transparent material sheets. An electric current applied to the molecules aligns them to reflect light of different colors as wavelengths. LCDs use very […]
LIQUID NET WORTH
Liquidity of the investor based on asset value easily and quickly convertible into cash, .
LIQUIDATE
To adjust or settle an indebtedness ; to determine an amount to be paid; to clear up an account and ascertain the balance; to fix the amount required to satisfy […]
LIQUIDATED
Ascertained; determined ; fixed ; settled; made clear or manifest. Cleared away; paid ; discharged.
LIQUIDATED ACCOUNT
the term given to the account where the amount of money is fixed and agreed on by the parties or it fixed by a law.
LIQUIDATED AND UNLIQUIDATED DAMAGES
The former term is applicable when the amount of the damages has been ascertained by the judgment in the action, or when a specific sum of money has been expressly […]
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 […]
LIQUIDATED DEBT
Situation where debt is discharged without dispute as the existence and amount of debt is not disputed.
LIQUIDATED DEMAND
a term applying to the demand where the amount has already been agreed to.
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.
LIQUIDATING PARTNER
The partner who upon the dissolution or insolvency of the firm, Is appointed to settle its accounts, collect assets, adjust claims, and pay debts. Garretson v. Brown, 185 Pa. 447, […]
LIQUIDATION
The act or process of settling or making clear, fixed, and determinate that which before was uncertain or unascertained. As applied to a company, (or sometimes to the affairs of […]