Begun in 1689 London, in Edward Lloyd’s Tavern Street coffeehouse frequented by ship-owners. Syndicate of insurance underwriters and brokers. Oldest and most famous of this type of organization . About […]

Lloyd’s Register Of Shipping published annually. Data on ship surveys and classifications is verified by Lloyd’s surveyors and readily available.. The main data is (1) ship’s identification number, (2) its […]

One person from this group of Lloyd’s underwriters accepts or rejects risks on the group’s behalf.

1. Force exerted overall on a structure or a body. 2. Expected amount of production from a producer. Allotted work to an individual , group, machine, or system. 3. A […]

The even splitting of workload among two or more servers. The intent is to provide a certain standard of throughput for the user community while having online backup servers in […]

1. Time-bound ratio of average energy demand versus maximum demand peak load. 2. Ratio of demonstrated machine capacity as a work center , or as a system versus service availability […]

Sales commission , the load, on a mutual fund . It covers administrative and advisory charges. Front-end load: At the time of purchase of shares (units), the sales commission is […]

Energy utilities’ demand reduction method. Demand is load. Different geographical areas have their energy generation temporarily switched off.

Moving demand from daily peak hours to off-peak hours. A load management technique.

An investor making periodic contributions to a mutual fund account. It spreads out the load payments as smaller ones. Also known as Spread Load Contractual Plan. An alternative is to […]

Built in to the insurance cost, this amount covers insurer operating cost , periodic insurer’s losses higher than anticipated, and interest earned from the insurer’s investments. The amount required to […]

The point where warehouse meets the outside world; where goods are loaded on/off a vehicle. A warehouse area.

The pay to loadsmen; that is, persons who sail or row before ships, In barks or small vessels, with instruments for towing the ship and directing her course, In order […]

A bailment without reward ; consisting of the delivery of an article by the owner to another person, to be used by the latter gratuitously, and returned either in specie […]

Formal document, the signed contract, evidence a loan. Negative and positive covenants, guaranties, financial reporting requirements , applicable interest rate and fees, and how the loan will be repaid and […]

Document on which the lender bases the decision to lend. A loan application is neither a pledge by the applicant nor a commitment by the lender. Contains essential financial and […]

Company’s capital in-use that (1) is not equity capital , (2) earns fixed rate interest, not dividends, 3) irrespective of the company’s financial state must be repaid within a specified […]

the name given to a certificate that is issued by a clearing house to one of its banks.

Lender’s binding promise that the loan amount or line-of-credit is available to the named borrower at a certain interest rate , time-bound, with a stated purpose. The commitment letter states […]

Bank management committee comprised of senior managers and experienced loan officers. Evaluates and decides some loan applications. Normally considers loans exceeding the forwarding loan officer ‘s lending authority or that […]

Annual required cash flow needed to service a loan obligation ‘s interest and principal. Calculated as a percentage dividing the actual debt repayment value by the outstanding principal.

loan agreement boundary as a typical restrictive, negative covenant . Restrictions such as not incurring more debt, no executive salary increases, no bonuses, and the like are examples of limiting […]

Two entities make this type of swap or trade from a loan’s credit exposure as a derivative. Sometimes an underlying entity’s credit quality is the betting point used. Used as […]

Collateral for a loan pledged for a charge, claim, or lien on asset or property.

Overt or implied contract requiring a lender to deliver to a borrower specific consumable goods, like food, fuel, or material. A type of lend lease. Within a defined or agreed-to […]