All Definitions
Genie AI's algorithm has begun to pull terms, relevant taxonomical data from legal templates and databases worldwide. Wherever possible we will cite the source of the legal definition to support your legal research needs.
Lockout Service
Lockout Service means providing access to a secured property or vehicle, including making replacement keys if necessary, at the user's expense
Log-in Details
Log-in Details means the unique username and password created and utilized by a user to access specific services or platforms.
Logistic Partner
Logistic Partner means a certified and approved service provider with specific responsibilities in logistics
Logistics Services
Logistics Services means handling, storing, packing, and moving goods for a client
Long Lead Time
Long Lead Time means a specific period required to deliver or purchase certain components or materials via a vendor
Long-term contract
Long-term contract means a contract with a duration exceeding one year.
Loss Valuation
Loss Valuation means the calculated value of goods or equipment if it hadn't been lost, destroyed, or damaged.
Lost Revenue
Lost Revenue means reduced income, considering cost savings due to operational changes or variances.
Low balance account
Low balance account means a deposit account not linked to primary transactions or loans, keeping within an agreed monetary limit.
