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Line of business. Line of business ( LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies.
In January 2022, MSC overtook Maersk for the container line with the largest shipping capacity for the first time since 1996. [2] Hanjin Shipping was also one of the biggest but it is now defunct. [ 3 ]
The White Star Line was a British shipping line. Founded out of the remains of a defunct packet company, it gradually rose up to become one of the most prominent shipping companies in the world, providing passenger and cargo services between the British Empire and the United States.
Staff and line. Staff and line are names given to different types of functions in organizations. A line function is one that directly advances an organization in its core work. [1] This always includes production and sales, and sometimes marketing. [2] A staff function supports the organization with specialized advisory and support functions. [3]
First, multiply the loan amount by the factor rate to get the overall loan amount. Example: $100,000 x 1.4 = $140,000. Step 2: Find the total interest costs. The total interest cost will be the ...
A business loan provides one-time funding to help start or grow a business. Lines of credit cover short-term financing needs and let businesses borrow funds repeatedly. Banks, online lenders and ...
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