Related Words

Local Color: The actual color of an object being painted, unmodified by light or shadow. (An orange is orange)

Local Knowledge: Awareness of a course's idiosyncratic playing characteristics from having played it many times

Local Expectations Theory: A form of the pure expectations theory that suggests that the returns on bonds of different maturities will be the same over a short-term investment horizon.

Local Control: Method of controlling the final quality of a print by increasing or decreasing the exposure given to localized areas of the print by selective masking.

Local Marketing Agreement (LMA): An agreement between two owners in which one markets and sells advertising for the other.

Local Mean Time: The actual time in a given location based upon the Sun's position at the Midheaven (noon) of the place. Abbreviated LMT; also called True Local Time (TLT).

Local Spot: The advertising purchased in a market and aimed only at the audience in that market.

Local Service Footprint: The geographical area that a customer may call without incurring toll charges, also known as local service area, or local calling area.

Local Number Portability (LNP): The ability of subscribers to switch local or wireless carriers and still retain the same phone number, as they can now with long-distance carriers. Wireless carriers do not have to offer LN . . . View Full Definition

Local Mulitpoint Distribution Service (LMDS): Located in the 28 GHz and 31 GHz bands, LMDS is a broadband radio service designed to provide two-way transmission of voice, high-speed data and video (wireless cable TV).