A management philosophy : strategies develop over various small decisions evaluated periodically, and not by a one-time decision. Logical results through experimentation and learning lead to these small decisions, not […]
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LOGICAL THINKING
1. The rules of formal logic are the basis of this type of reasoning. 2. Critical thinking by another name.
LOGISTICS
Achieving the objectives of a campaign, plan, project, or strategy based on personnel, material, and other resources positioned by procurement , movement, and stationing as a part of planning, execution, […]
LOGISTICS CHAIN
In a particular environment or industry, these are all successive steps comprising a logistic process.
LOGISTICS CHANNEL
Receiving, handling, storage, transportation , and communications functions as the focus of all networked participants in a supply chain .
LOGISTICS MANAGEMENT
Efficient, cost-effective movement of goods and personnel by applying management principles to logistics operations.
LOGISTICS SUPPORT
Equipment, facilities, spares, technical information , and trained personnel procurement and distribution for a campaign, plan, or project as essential actions for their proper operation.
LOGIUM
In old records. A lodge, hovel, or outhouse.
LOGNORMAL DISTRIBUTION
A report where asset prices distribution is calculated using a random variable to show how the market can change. Refer to normal distribution .
LOGO
Consumer identifier, recognizable and distinctive. Solely for identifying an organization , not a product, it is a graphic design , stylized name, unique symbol, or other device. Also known as […]
LOGOGRAPHUS
In Roman law. A public clerk, register, or book-keeper; one LOGS 737
LOGROLLING
1. The case where a legislator will vote for a bill as long as the legislator with the bill for one of the other person’s bills. 2. Using an excess […]
LOGS
Stems or trunks of trees cut into convenient lengths for the purpose of being afterwards manufactured iuto lumber of various kinds; not including manufactured lumber of any sort, nor timber […]
LOITER
term that describes to hang about and doing nothing in a public place.
LOLLARDS
A body of primitive Wes- leyans. who assumed importance about the time of John Wycliffe, (1300,) and were very successful in disseminating evangelical truth ; but, being implicated (apparently against […]
LOMBARD RATE
For loans on a collateralized security, this is the interest rate charged by the central bank of Germany.
LOMBARDS
A name given to tbe merchants of Italy, numbers of whom, during the twelfth and thirteenth centuries, were established as merchants and bankers in the principal cities of Europe.
LOME CONVENTION
Agreement to provide aid and extend trade and tariff preferences to 62 African, Caribbean, and Pacific (CAP) states by the European community, now the European Union. In 1975 the capital […]
LONDON CLUB
Major creditor banks informally associated who discuss debt rescheduling when requested by borrower governments, as well as other banking matters. The group convenes as needed for these discussions. Also refer […]
LONDON INTERBANK BID (LIBID)
The bidding half of an exchange in the london interloan bank.
LONDON INTERBANK BID (LIBID) RATE
The average of rates that five major London banks willingly bid for a $10 million deposit for a period of three or six months. This is the interest rate London […]
LONDON INTERBANK MEAN (LIMEAN)
The average amount the London bank will accept or deposit.
LONDON INTERBANK MEAN (LIMEAN) RATE
Used as a reference for floating rate payments, this is the interest rate midway between LIBOR and LIBID rates.
LONDON INTERBANK OFFERED RATE (LIBOR)
The average of rates for which five major London banks will lend $10 million for a period of three or six months. It is the benchmark rate for setting interest […]
LONDON INTERNATIONAL FINANCIAL FUTURES & OPTIONS EXCHANGE (LIFFE)
In 1982, London International Financial Futures Exchange was established. In 1992 it merged with the London Traded Options Market (LTOM), changed its name, yet retained the same acronym. It is […]