Legal Separation

Summary (Key Takeaways) – A legal separation is a court-recognized arrangement where spouses live apart and a judge issues orders about finances, property, support,…

Ledger wallet

A Ledger wallet is a hardware (cold) cryptocurrency wallet made by Ledger — a company founded by security and crypto experts. Ledger’s devices store…

Leasehold

A leasehold is a contractual right to use and occupy real property that belongs to someone else for a specified or unspecified period. The…

Leasehold Improvements

Key takeaways – Leasehold improvements (also called tenant improvements or build-outs) are interior changes made to a leased property to meet a specific tenant’s…

lease option

A lease option (also called a lease with an option to purchase or lease-to-own) is a rental arrangement that gives a tenant the contractual…

Learning Curve

Key takeaways – The learning curve (also called the experience curve, efficiency curve, or cost curve) describes how the time or cost to produce…

Lean Six Sigma

Key takeaways – Lean Six Sigma blends Lean (waste reduction) and Six Sigma (variation/defect reduction) to improve processes, quality, and speed. – It uses…

Leading Indicator

Other references: The Conference Board, U.S. Census Bureau, U.S. Department of Labor, ISM (PMI), U.S. Treasury, Federal Reserve (FRED). Introduction — Key takeaways –…

Lead Time

Lead time is the elapsed time between the initiation and completion of a process — for example, from when an order is placed to…

Layoff

Key takeaways – A layoff is a temporary or permanent termination of employment for reasons unrelated to an employee’s individual performance (cost cutting, reorganization,…