Intangible Asset

Intangible assets are non‑physical resources a company controls that generate present or future economic benefits. Examples include trademarks, patents, copyrights, customer lists, software, licenses,…

Laissez Faire

Laissez‑faire is an economic doctrine that argues markets function best with little or no government intervention. Originating in 18th‑century France, the idea holds that…

Intangible Personal Property

Intangible personal property (also called intangible assets or incorporeal property) is any asset that has economic value but lacks physical substance—it cannot be touched…

Laggard

Key takeaways – A laggard is a security (most often a stock) that persistently underperforms its benchmark or peer group. – Laggards frequently reflect…

Insurance Underwriter

• An insurance underwriter evaluates the likelihood and cost of loss so an insurer can decide whether to accept a risk and at what…

Labor Intensive

• “Labor intensive” describes industries or processes that require a relatively large amount of human labor (and human effort) compared with capital equipment. (Source:…

Insurance Coverage

Key takeaways – Insurance coverage is the amount of risk an insurer agrees to pay for if a covered loss occurs; in exchange the…

Insurable Interest

Insurable interest is the legal and financial connection between a policyowner and the person, property, or event insured that makes a loss meaningful to…

Instrument

• An instrument is any medium or contract used to transfer, hold, or effect value. In finance this includes tradable assets (securities, commodities, derivatives);…

Labor Productivity

Labor productivity measures how much economic output is produced for a given amount of labor input. At the macro level it is typically expressed…