Glossary

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Dutch Term English Term Definition
liquiditeitsratio liquidity ratio

Liquidity ratios are an important class of financial metrics used to determine a debtor’s ability to pay off current debt obligations without raising external capital.

liquide middelen cash and cash equivalents
langlopende schulden long-term debts
l.a.e. legal adjustment expense

In an insurance context.

last directions

krachtens daartoe verleende last van = by virtue of directions given for this purpose by

last mandate

Example: last en volmacht geven Translation: to give a mandate and power of attorney

lastgever mandatory; principal; attorney

The person granting the power of attorney.

legaat specific legacy

een legaat maken aan = to leave/bequeath a specific legacy to

legitimarissen legal heirs
lichamelijke schade bodily injury
l.l. liability limit

In an insurance context.

loonkosten employee wages

Claim for your employee’s wages through the Coronavirus Job Retention Scheme.

loonsom wage bill

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