Glossary

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Laws

Economy Term

Laws refer to a set of rules that have been established by a government, authority, or institution to regulate conduct and interactions among individuals, organizations, and entities within a given society. These laws act as a framework that guides individuals and businesses in their actions and behavior, and they play a crucial role in promoting fairness, justice, and equality in the industry.

In the industry, laws are utilized in various ways to promote economic growth, stability, and development. Some of the key areas where laws are applied in the industry include:

1) Contract law: This law regulates the formation and enforcement of contracts between individuals, businesses, and other entities. Contract law ensures that all parties involved in a contract agree to the same terms and conditions, and it provides a legal foundation for resolving disputes and protecting the rights and obligations of the parties.

2) Antitrust law: This law prevents anti-competitive behavior in the market and ensures fair competition among businesses. Antitrust laws aim to promote consumer welfare by preventing monopolies, price-fixing, and other activities that restrict competition in the market.

3) Labor law: This law regulates the relation between employer and employee in the workplace. It is designed to protect workers* rights and ensure fair treatment and compensation in the workplace.

4) Environmental law: This law regulates the exploitation and conservation of natural resources. It guarantees safe and sustainable use of environmental resources without causing environmental harm.

5) Securities law: This law regulates the trade in securities, such as stocks, bonds, and other financial instruments. Securities laws aim to protect investors by ensuring that companies disclose accurate and complete information about their financial position to the public.

In conclusion, laws play a vital role in promoting economic growth and development in the industry. Laws provide certainty, stability, and predictability in the market and promote fair competition among businesses. They also serve to protect consumer welfare, workers* rights, natural resources, and investor interests.

More Glossary Terms Beginning with L

Labor force participation rate
is the labor force as a percent of the population.

Economy Term Letter: L
Large Deductible Policy
An insurance policy where the customer assumes at least $25,000 or more of each loss. Typically, the insurer is responsible for paying the entire loss under those policies and then seeks reimbursement from the insured for the deductible amount.

Insurance Term Letter: L
Laws
means all federal, state, provincial, regional, territorial, local and other laws, statutes, ordinances, regulations, rules, executive orders, and other official releases of or by any government, or any authority, department or agency thereof, in any jurisdiction in which the Services are provided or received, including the United States Securities and Exchange Commission and the Public Company Ac

Economy Term Letter: L
LDL
Low-density lipoprotein.

Health Care Term Letter: L
Leach Stockpiles
A quantity of leachable ore placed on a leach pad or in another suitable location that permits leaching and collection of solutions that contain solubilized metal. Iron & Steel Industry Operating Statistics

Manufacturing Term Letter: L
Leaching
A chemical process by which a soluble metallic compound is extracted from ore by dissolving the metals in a solvent. Iron & Steel Industry Operating Statistics

Manufacturing Term Letter: L
Lead
A heavy, soft, malleable, ductile but inelastic bluish-white metallic element found mostly in combination with zinc and used in pipes, cable sheaths, batteries, solder, type metal, and shields against radioactivity.

Manufacturing Term Letter: L
Lead Concentrate
Product of the flotation process which separates the lead and other minerals from the ore to form a concentrate with a lead content typically ranging between 50% to 60%.

Manufacturing Term Letter: L
Leased Department Retail
Leased departments are broadly defined as operations of one company conducted within the establishment of another company. Typical examples may include jewelry counters or optical centers within department stores.

Economy Term Letter: L
LED Light Emitting Diode
Light Emitting Diode. A semiconductor device which converts electricity into light.

Manufacturing Term Letter: L
Leucopenia
A low white blood cell count, or leucopenia, is a decrease in disease-fighting cells (leukocytes) circulating in your blood.

Health Care Term Letter: L
Leverage Adjusted Duration
Duration is a measure of the expected period over which a bonds principal and interest will be paid, and consequently is a measure of the sensitivity of a bonds or bond Funds value to changes when market interest rates change. Generally, the longer a bonds or Funds duration, the more the price of the bond or Fund will change as interest rates change. Leverage-adjusted duration takes into account t

Financial Term Letter: L

More in this Category

Advance monthly sales
The U.S. Census Bureau conducts the Advance Monthly Retail Trade and Food Services Survey (MARTS) to provide an early estimate of monthly sales by kind of business for retail and food service firms located in the United States. Each month, questionnaires are mailed to a probability sample of approximately 5,000 employer firms selected from the larger Monthly Retail Trade Survey (MRTS). Firms respo

Economy Term
Affiliate
means with respect to any entity, an entity that is controlled by a other company although the other company owns less than a majority of the other entity.

Economy Term
Agents and Brokers
Persons or organizations that act as a representative for others in negotiating contracts, purchases, or sales. Agents and brokers typically earn a commission or fee for their services and do not take possession of, or title to, any goods.

Economy Term
ARPU
Average revenue per user

Economy Term
Balance of payments
Record of transactions between U.S. residents and foreign residents during a given time period. Includes transactions in goods, services, income, assets, and liabilities. It is broken down into the current accounts (international), capital accounts (international), and financial accounts (international).

Economy Term
Balance on current account
Current receipts from the rest of the world less current payments to the rest of the world, formerly called "net foreign investment." Current receipts equal exports of goods and services plus income receipts from the rest of the world; current payments are the sum of imports of goods and services, income payments to the rest of the world, and current taxes and transfer payments to the rest of the

Economy Term
Balance on goods and services
Record of the difference between exports of goods and services and imports of goods and services. In the broad sense, this balance is conceptually equal to net exports of goods and services, which is a component of gross domestic product (GDP).

Economy Term
Bonded Warehouses Manufacturing
Warehouses that are authorized by the United States Customs for storage or manufacturing of goods on which payment of duties is deferred until the goods are removed into Customs Territory. These goods are not subject to duties if reshipped to foreign points.

Economy Term
Brokers
Persons or organizations that act as a representative for others in negotiating contracts, purchases, or sales. Agents and brokers typically earn a commission or fee for their services and do not take possession of, or title to, any goods.

Economy Term
Business sector
All corporate and noncorporate private entities organized for profit and certain other entities that are treated as businesses in the national income and product accounts (NIPAs), including mutual financial institutions, private noninsured pension funds, cooperatives, nonprofit organizations that primarily serve businesses, Federal Reserve banks, federally sponsored credit agencies, and government

Economy Term
CE-marked
A compliance symbol indicating that a product meets the requirements of the European Union (EU) directives that apply to that product. CE stands for Conformit?e Europ?enne, which means European Conformity.

Economy Term
CFTC Commodity Futures Trading Commission
Commodity Futures Trading Commission, an independent agency with the mandate to regulate commodity futures and option markets in the United States.

Economy Term