What is line of business?

  • (noun): A particular kind of commercial enterprise.
    Synonyms: field, field of operation
    See also — Additional definitions below

Line Of Business

Line of business (LOB) is a general term which often refers to a set of one or more highly related products which service a particular customer transaction or business need. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to mean a statutory set of insurance policies. It may or may not be a strategically relevant business unit.

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Some articles on line of business:

Line Of Business - Mobile LOB
... Mobile Route Accounting exemplifies a typical mobile application. ...

More definitions of "line of business":

Famous quotes containing the words line of, business and/or line:

    We are apt to say that a foreign policy is successful only when the country, or at any rate the governing class, is united behind it. In reality, every line of policy is repudiated by a section, often by an influential section, of the country concerned. A foreign minister who waited until everyone agreed with him would have no foreign policy at all.
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    A grocer is attracted to his business by a magnetic force as great as the repulsion which renders it odious to artists.
    Honoré De Balzac (1799–1850)

    Any walk through a park that runs between a double line of mangy trees and passes brazenly by the ladies’ toilet is invariably known as “Lover’s Lane.”
    F. Scott Fitzgerald (1896–1940)