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Latham in Focus Video Series

The Book of Jargon Series – Word of the Day®

The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.

Zone of Insolvency

no, this is not a bad TV sitcom. When a previously solvent Borrower gets close to insolvency, the courts have held that the board of directors’ fiduciary duties morph to include the Borrower’s creditors. Prior to entering the Zone of Insolvency, Borrowers do not owe their creditors any fiduciary duties.

Word of the Day®

Mutual Fund

a Fund registered under the Investment Company Act of 1940 that is publicly traded for the purpose of investing in Securities such as stocks, bonds, money market instruments and similar assets and provides daily liquidity to its investors. Also known as an Open-End Fund.

Word of the Day®

EDRM

acronym for the Electronic Discovery Reference Model, which offers a step-by-step visualization of the eDiscovery process. Phases within EDRM include Information Governance, identification, Preservation, collection, Processing, review, analysis, Production, and presentation.

Word of the Day®

Ingress

access to a location or the ability to enter a specific location.

Word of the Day®

Baseload

a power generation technology that by its nature you don’t want to turn on and off any more than is necessary, such as nuclear and coal. Baseload plants are built to serve the minimum Load, i.e., the minimum amount that is needed on that Grid, day and night, all year round. To the extent a Baseload facility has Capacity in excess of the Baseload, the facility may be used to serve Pumped Storage projects, since the excess Capacity is essentially valueless.

See also Load Stack.

Word of the Day®

In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.

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