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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "L"

Displaying next 240 results of 372
Living Will
Definition: A document specifying the kind of medical care a person wants-or does not want-in the event of terminal illness or incapacity.
LK
Definition: The two-character ISO 3166 country code for SRI LANKA.
LKR
Definition: The ISO 4217 currency code for Sri Lankan Rupee.
Lloyds Of London
Definition: A marketplace in London for underwriting syndicates.
Load
Definition: The sales fee charged to an investor when shares are purchased in a load fund or annuity. See: Back-end load; front-end load; level load.
Load Fund
Definition: A mutual fund that sells shares with a sales charge-typically 4% to 8% of the net amount indicated. Some no-load funds also levy distribution fees permitted by Article 12b-1 of the Investment Company Act; these are typically 0. 25%. A true no-load fund has neither a sales charge nor a distribution fee.
Load Spread Option
Definition: A method of allocating the annual sales charge on load funds, often through percentage deductions from a customer's periodic fixed payments.
Load-to-load
Definition: Arrangement whereby the customer pays for the last delivery when the next one is received.
Loan
Definition: Temporary borrowing of a sum of money. If you borrow $1 million you have taken out a loan for $1 million.
Loan Amortization Schedule
Definition: The timetable for repaying the interest and principal on a loan.
Loan Commitment
Definition: Assurance by a lender to make money available to a borrower on specific terms in return for a fee.
Loan Crowd
Definition: Historical term. In the 1920's and 1930's, it refers to the group of member firms that lend or borrow securities needed to cover the positions of customers who have sold short securities. The crowd could be found around the loan post.
Loan Preference Principle
Definition: The theory that a covered loan is less expensive when its cost is calculated in one currency, it will also be less expensive in all other currencies.
Loan Syndication
Definition: Group of banks sharing a loan. See: Syndicate.
Loan Value
Definition: The maximum percentage of the value of securities that a broker can lend to a margin account customer, as dictated by the Federal Reserve Board in Regulation T.
Loan-to-value Ratio (LTV)
Definition: The ratio of money borrowed on a property to the property's fair market value.
Loaned Flat
Definition: Securities lent interest-free between brokers to cover customers' short sale positions.
Lobbyist
Definition: A person who represents the concerns or special interests of a particular group or organization in meetings with lawmakers. Lobbyists work to persuade lawmakers to change laws in the group's favor.
Local
Definition: A futures exchange member who trades securities for his or her own account.
Local Expectations Hypothesis (LEH)
Definition: Theory that bonds similar in all aspects except maturity will have the same holding-period rate of return.
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