KEYAGB

councillor, and was anciently called “clerk of the privy seal,” but is now generally called the “lord privy seal.” Brown.

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Categories: K

KEYAGE

A toll paid for loading and unloading merchandise at a key or wharf. Rowan v. Portland, 8 B. Mou. (Ky.) 253.KEYS 687 KING’S BENCH

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KEYBOARD

Computer-system external input device for data entry. It could be to a mobile device, a personal computer, or any other electronic machine. This device has keys with alphabetic, numerical, and common symbols used in everyday transcription. Personal computers connect to this device through serial or USB plugs. Also refer to QWERTY keyboard, Dvorak keyboard.

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Categories: K

KEYED ADVERTISEMENT

Print ad coded in an advertisement address to identify the source of the query or order. The words ‘Dept. DN’, for example, may indicate ad placements in a newspaper named ‘Daily News.’ These allow an advertiser to place the same ad in different periodicals and measure the best means of promoting a particular offer from the responses.

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Categories: K

KEYNESIAN

Supporter of governmental economic intervention by public policies driving for full employment and price stability. A follower of John Maynard Keynes, a believer in his economic principles.

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KERNING

Spatial adjusting between certain characters along a text line. Natural shape and slope improve character appearance. Letter combinations like WA and VA look awkward and slow smooth eye flow along a text line. Kerning smoothes the letter shapes. In italic types, this becomes crucial. Increasing font size as in headlines will show poor kerning. Adobe PageMaker, Adobe Indesign, and Quark’Xpress are well-known and used modern desktop publishing programs. Each allows both automatic and manual kerning. Simultaneous spatial adjustment of many letters along text lines is known as range kerning. Also refer to letter spacing and tracking.

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Categories: K

KESCEIT

Res mobiles. In the civil law. Movable things; things which may be transported from one place to another, without injury to their substance and form. Things corresponding with the chattels personal of the common law. 2 Kent, Comm. 347.

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Categories: K

KEY

A wharf for the lading and unlading of merchandise from vessels. More com- monly spelled “quay.” An instrument for fastening and opening a lock. This appears as an English word as early as the time of Bracton, in the phrase “cone et keye,” being applied to women at a certain age, to denote the capacity of having charge of household affairs. Bract, fol. 866. See CONE AND KEY.

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Categories: K

KEY EMPLOYEE

Essential, main employee stakeholder in corporate operations. May be an officer with voting rights able to influence the company. Any employee owning company assets 5% or more of the total and/or receives compensation exceeding a threshold set by the IRS is a key employee per the IRS. Also known as highly compensated employee.

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KEY ESCROW

Copy or copies of a code, password, or secret key protected by a third party for use in an emergency or when the originals) is(are) lost. Escrowed items may be separated to two or more third parties to mitigate risk of the trusted third party abusing its power. Typically, this is a fiduciary arrangement.

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