What is the 'Learning Curve' A learning curve is a concept that graphically depicts the relationship between cost and output over a defined period of time, normally to represent the repetitive task of an employee or worker....
What is 'Late-Day Trading' An unethical (if not illegal) practice of a hedge fund purchasing and then selling securities (usually shares of a mutual fund) after the close of a trading day, but making the transactions appear...
DefinitionStandings or rankings are listings which compare sports teams or individuals, institutions, nations, companies, or other entities by ranking them in order of ability or achievement. A table or chart may be employed to display such listings. A league...
DefinitionThere are two distinct definitions of a land trust... Land Trust What is 'Land Trust' A legal agreement where a trustee is appointed to maintain ownership of a piece of real property for the benefit of another...
What is a land contract and how does it works?
A land contract is a contract between the buyer and seller of a piece of property in which the buyer agrees to make payments to the seller over a period...
DefinitionA landlocked state or landlocked country is a sovereign state entirely enclosed by land, or whose only coastlines lie on closed seas. There are currently 49 such countries, including five partially recognised states. Only two, Bolivia and Paraguay in...
What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance sheet when cash that is intended for the payment of a receivable is stolen. The...
What is lead time and why is it important
In the business world, lead time is the amount of time that elapses between the start of a production process and the moment when the finished product is ready for shipping....
What is the law of diminishing marginal utility
The law of diminishing marginal utility is the principle that as a person consumes more of a good or service, the utility they derive from each additional unit will decline. The law...
What is 'Last Fiscal Year - LFY' The most recent 12-month accounting period that a business uses when determining its annual financial performance. The SEC requires businesses to list their last fiscal year's revenue (in addition to...