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Long-run equilibrium is a state where firms have fully adjusted to market conditions, leading to zero economic profit and allocative efficiency. It's a key concept in understanding market stability and resource allocation.

Labor market reform refers to government-initiated changes in policies and regulations governing employment, wages, and worker protections, aimed at enhancing labor market efficiency, flexibility, and economic outcomes.

Loss Absorption Capacity (LAC) refers to a financial institution's ability to absorb losses without becoming insolvent or requiring a government bailout. It is a critical measure of a bank's resilience and stability, particularly in times of economic stress or financial crisis.

The light manufacturing sector encompasses industries that produce finished goods from component parts, often involving assembly and typically characterized by lower energy consumption and less intensive machinery compared to heavy manufacturing.

Loan servicing is the administrative process of managing a loan from origination to full repayment. This includes collecting payments, managing escrow accounts, and providing customer support.

Light Asset Expansion is a business growth strategy focused on increasing revenue and operational scale through efficient utilization of existing assets or acquisition of low-capital assets, prioritizing agility and minimizing fixed costs.