Transfering to the insurer high risk low loss securites.

When an investory pays the insurer less premium and is willing to take on more risk.

LARONS. In old English law . Thieves. M LAS PART1DAS 608 LATERAL SUPPORT

Ill Spanish law. The name of a code of laws, more fully described as “Las Sicte Partidas” (“the seven parts,” from the number of its divisions,) which was compiled under […]

A native Indian sailor; the term is also applied to tent pitchers, inferior artillery-men, and others.

Insurers exclude particular exposures by narrowing focus stated in such an endorsement .

A kind of forfeiture during the government of the Danes in England. Enc. Loud.

A given security’s most recently executed- transaction ‘s price.

Previous tender identical or similar items’ agreed-to prices.

A principle for making an individual liable for an accident for not avoiding the situation when a final clear opportunity presented itself.

An approach where the last acquired product is the first one out for sale. Refer to first in first out.

the term that refers to the court that is the last resort where there can be no appeal.

the latest information on accommodation availability as provided by an electronic hotel-room reservation system.

Commodity or security price on last transaction executed and posted on an exchange.

Trading for a particular delivery month ends on this final day under the rules of a futures exchange . At the end of this last trading day , making or […]

The version of a will superseding all previous versions of this will.

In old English law , signifies a burden; also a measure of weight used for certain commodities of the bulkier sort.

A custom exacted in some fairs and markets to carry things bought whither one will. But it is more accurately taken for the ballast or lading of a ship. Also […]

Lat. In the law of bailment. Gross fault or neglect; extreme negligence or carelessness , (nimia negligentia.) Dig. 50, 16, 213, 2. Lata culpa dolo sequiparatur. Gross negligence is equivalent […]

An under-ground survey.

Defunct: existing recently, but now dead. Pleasant v. State, 17 Ala. 190. Formerly ; recently; lately

When the borrower has not made a payment when it was due, a lender can impose an additional fee.

Diffusion of innovation theory holds that the majority group of roughly 34 percent of population is just ahead of the ‘laggards’ in trying or adopting a new product. This group’s […]

This fee is either flat-rate or percentage of the amount due. An account holder not making an account payment by the stated due date is assessed this monetary charge.

Financing/investment required for new product development or introduction , or to support major capacity expansion by a profitable/breaking-even, yet established firm.