All Definitions
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Local Data
Local Data means information related to business practices, maintained by an entity, stored in a data facility within its control
Marketing Support
Marketing Support means the provision of advertising space, marketing services, promotional products, and data analyses to bolster a business's promotional efforts.
Legal Personality
Legal Personality means an entity with rights, duties and the ability to engage in legal actions such as contracts and owning property
Loan Period
Loan Period means the time span starting on the loan's start date and ending after a specified, predefined duration
Legal Requirements
Legal Requirements means all existing and future regulations, including laws, orders, and judgments affecting assets or operations, enacted or implemented by a governmental authority
Licensed independent practitioner (LIP)
Licensed independent practitioner (LIP) means an accredited professional, allowed by law, to deliver care without supervision, within their license, granted by a licensed institution.
Local Vendor
Local Vendor means a licensed business entity maintaining and operating from a physical place of business within a defined geographical area, excluding post office box spaces.
Malfeasance in office
Malfeasance in office means an intentional act, or failure to act, related to executive responsibilities.
Mechanical Breakdown
Mechanical Breakdown means the failure of a component or part affecting its intended operation, excluding normal wear and tear.
