Two commercially and industry known major LAN standards are Ethernet and Token Ring. data communication system user-owned. user-operated. Either a short-distance cable and/or wireless-based device connection. Interconnects one or more servers with shared client computers and peripheral devices, such as modems, printers, scanners, and the like. These devices occupy various rooms, floors, buildings, or a campus. Also refer to Bluetooth and Wi-Fi.
City, town, county, or state level government. The administrative body for this small geographic jurisdiction. Electing officials, enacting taxes, and doing many things a national government can do is within its jurisdiction. The local government typically only controls its specific geographical region, unable to legally pass or enforce laws beyond its legal jurisdiction.
the term given to a law whose application is limited to restricted areas.
Place to purchase locally produce goods and services. Knowing who will buy the product, where they are located and how far they will travel to obtain the product is essential for this type of sales approach. Customers located within the region the product or service is produced or made available need to know of this availability.
the term to a privileged granted to an area such as a town, city or county to pass a local law.
Lawful agreement allowing a civil case co-wrongdoer or tort-feasor to loan interest-free money to the plaintiff or injured party. The plaintiff only repays the loan upon other tort-feasors payoff.
Borrower’s obligation of timely loan interest and principal periodic payments based on the loan agreement’s terms. Credit-worthiness of a borrower comes from diligent loan servicing. The lending institution duly records this in the borrower’s credit history. The lender also sends this information to other lenders as a credit report sharing.
A lending institution clearly states the amount and frequency of the loan repayment installments in this document, given to the borrower at the loan closing.
the slang name that is given to a usurer or a person who lends money and charges more interest than the law allows. See usury.
Time period a loan agreement is active for repayment or re-negotiation. Also refer to loan terms.