Statistical Terms Glossary

Order to buy or sell a security at a specific price or better.

Limit pricing refers to the pricing by incumbent firm(s) to deter or inhibit entry or the expansion of fringe firms. The limit price is below the short-run profit-maximizing price but above the competitive level.

Indicates the limit beyond which the state of a fishery and/or a resource is not considered desirable. Fishery development should be stopped before reaching it.; Biological reference point indicating limits of the fishery exploitation with regard to stock self-reproduction, aiming at conservation of the resource.

As used in fisheries, usually the same as harvester rights (see above) but sometimes used to include all controlled access to use of a natural resource, including full ownership. Also, limited entry.

A common management tool in which the government issues a limited number of licenses to fish, which creates a use right - the right to participate in the fishery.

Limited entry is a general term used for a fishery management program that restricts a fisher's access to open fisheries or limits the catch one may retain. Limited entry schemes proposed to manage the red snapper fishery include limited licensing schemes, fishery quotas and season closures, individual transferable quotas, and gear restrictions.

Finance arranged on the basis of the lender having recourse to the borrower only in certain circumstances (e.g., the loan to British Petroleum (BP) to finance the Forties oil field in the North Sea, where the lenders had no recourse to BP if there was insufficient oil).

The term limnivore-detrivore is applied to species that consume animal and/or plant material from mud or as detritus from the river bed.

The study of lakes, ponds, rivers, streams, swamps, and reservoirs that make up inland water systems.

One or more adjacent running tracks forming a route between two points. Where a section of network comprises two or more lines running alongside one another, there are as many lines as routes to which tracks are allotted exclusively.

One or more adjacent running tracks forming a route between two points. Where a section of network comprises two or more lines running alongside one another, there are as many lines as routes to which tracks are allotted exclusively.

A general term used for a range of fishing methods that employ fishing lines in one form or another (as opposed to nets and traps). It includes handlines, hand reels, powered reels, pole-and-line, droplines, longlines, trotlines and troll lines.

See backstop (credit) facility; backup line of credit; swingline.

A general term used to describe a relatively unsystematic budgetary chart of accounts.

Lines of credit provide a guarantee that funds will be made available but no financial asset exists until funds are actually advanced.

Is an open consortium of universities, companies and government research laboratories. It creates, collects and distributes speech and text databases, lexicons, and other resources for linguistics research and development purposes. The University of Pennsylvania is the LDC's host institution. The LDC was founded in 1992 with a grant from the Advanced Research Projects Agency (ARPA), and is partly supported by grant IRI-9528587 from the Information and Intelligent Systems division of the National Science Foundation.

A ratio used to join a new index series to an old index series to form a continuous series.

The technique used to join a new index series (e.g. one having a changed composition and weighting pattern) to an old index series to form a continuous series. The technique ensures that the resultant linked index reflects only price variations (e.g. the introduction of the new items and weights does not of itself affect the level of the index).

Linux is, in simplest terms, an operating system. It is the software on a computer that enables applications and the computer operator to access the devices on the computer to perform desired functions. The operating system (OS) relays instructions from an application to, for instance, the computer's processor. The processor performs the instructed task, then sends the results back to the application via the operating system.

Is a private, generally non-profit or not-for-profit organization that provides support and/or education for Linux users, particularly for inexperienced users. The term commonly refers to local groups that meet in person, but is also used to refer to online support groups that may have members spread over a very wide area and which do not organize, or which are not based around, physical meetings. Similar organizations such as FreeBSD User Group (BUG) exist, although many LUGs encompass FreeBSD and other free Unix-based operating systems.

Liquefaction refers to the conversion of the insoluble organic matter in wastes to a soluble state, thereby effecting a reduction in their solid contents

Natural gas converted to liquid form by reducing its temperature to -160°C under atmospheric pressure, to facilitate its transportation. Natural gas consists mainly of methane occurring naturally in underground deposits, associated with crude oil or gas recovered from coal mines (colliery gas).
Note: The density of LNG is between 0.44 and 0.47 tonnes per cubic metre, depending on its composition.