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v. t. e. A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of every state; it is a legal form ...
Plain English. Plain English ( layman's terms) is a mode of writing or speaking the English language intended to be easy to understand regardless of one's familiarity with a given topic. It usually avoids the use of rare words and uncommon euphemisms to explain the subject.
1. Physical layer. In the IEEE 802 reference model of computer networking, the logical link control ( LLC) data communication protocol layer is the upper sublayer of the data link layer (layer 2) of the seven-layer OSI model. The LLC sublayer acts as an interface between the medium access control (MAC) sublayer and the network layer.
Power purchase agreement. A power purchase agreement ( PPA ), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. [1] [2] PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.
Finance is the study and discipline of money, currency and capital assets. [a] It is related to but distinct from economics, which is the study of the production, distribution, and consumption of goods and services. [b] Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and ...
The bankruptcy of Lehman Brothers, also known as the Crash of '08 on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate financing for its ...
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