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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.

Service Mark

similar to a Trademark, except a Service Mark is a word, phrase, symbol and/or design that distinguishes the source of a service rather than goods.

Word of the Day®

Green Waste

any waste that can be Composted. Green Waste is mostly composed of refuse from gardening and cooking. It is also known as biological waste.

Word of the Day®

Junk Bond

another name for a High Yield Bond or Non-Investment Grade Bond. “Junk Bond King” Michael Milken pioneered the use of Junk Bonds for corporate financing and M&A deals, but his novel approach to the interpretation of relevant legal regulations earned him a stint in federal prison and a life-time ban from being involved in the Securities industry.

Word of the Day®

Loss Payee

the person or persons to whom a property insurance company writes a check for proceeds of a claim. Secured Lenders want to be named a Loss Payee because the damaged or destroyed property is the Collateral securing the Lenders’ loan, so they want to ensure that any proceeds received in respect of such Collateral are used to either purchase replacement Collateral or repay debt.

Word of the Day®

Side-Car

a facility which the Borrower incurs in lieu of, but in accordance with the restrictions contained in the Incremental Facility but which is documented outside of the Facility Agreement.

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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