Limit Order Book The specialist’s record detailing unexecuted limit orders. These orders get the same order of priority with respect to execution as other orders. … [Read more...]
Lien
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Lien An interest or claim granted over assets of a business to its creditors/ lenders in secured debt financing in exchange for funds. … [Read more...]
Lifetime Cap
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Lifetime Cap Maximum rate of interest that can be charged at any point during the term of an adjustable-rate mortgage (ARM). Usually expressed as a percentage increase from an original interest rate. Such caps are part of a mortgage's interest rate cap structure. … [Read more...]
LIFO (Last-in-First-out)
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LIFO (Last-in-First-out) Inventory valuation methodology wherein the cost of the most recent or last bought item in the inventory is used to measure the total inventory. … [Read more...]
Lifting a Leg
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Lifting a Leg Offsetting or closing out one side or one position of a long-short arbitrage before closing the other. … [Read more...]
Limit Order
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Limit Order Instruction given by investor to execute a buy transaction at or below a given price or to execute a sell transaction at or above a given price. The account holder or customer specifies the price that the order should be executed at. This is a conditional trading … [Read more...]
Limit Up
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Limit Up Maximum amount of increase that is possible in the price of a commodity futures contract in one trading day. … [Read more...]
Limitation on Asset Dispositions
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Limitation on Asset Dispositions A covenant contained in a bond wherein any major asset sales by the company are restricted. … [Read more...]
Limitation on Liens
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Limitation on Liens A covenant contained in a bond restricting a company’s ability to grant liens that are placed on the assets of the company. … [Read more...]
Limitation on Merger, Consolidation, or Sale
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Limitation on Merger, Consolidation, or Sale A covenant contained in a bond restricting a company’s ability to enter agreements with another firm for merging or consolidating operations. … [Read more...]
Limitation on Sale-and-Leaseback
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Limitation on Sale-and-Leaseback A covenant contained in a bond restricting a company’s ability to enter transactions involving lease backs or sales. … [Read more...]
Limitation on Subsidiary Borrowing
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Limitation on Subsidiary Borrowing A covenant contained in a bond restricting a company’s firm's ability to borrow at the subsidiary level in some way. … [Read more...]
Limited Liability
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Limited Liability Restriction of any possible loss that may occur in the amount invested in any venture. … [Read more...]
Limited Liability Company- LLC
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Limited Liability Company- LLC A combination of a partnership and corporation. The shareholders have limited liability for company actions. … [Read more...]
Limited Partner
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Limited Partner A member of a partnership who enjoys limited legal liability towards the partnership’s obligations. … [Read more...]
Limited Partnership
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Limited Partnership An understanding where the partnership includes partners who carry liability that is restricted to a specified degree under the terms of the agreement. … [Read more...]
Limited-Liability Instrument
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Limited-Liability Instrument Any security wherein the holder runs the risk of losing his initial investment amount or capital. For example, a call option. … [Read more...]
Limited-Tax General Obligation Bond
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Limited-Tax General Obligation Bond Bond with general obligations where the revenue sources are limited. … [Read more...]
Line Of Business Limitations
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Line Of Business Limitations Federal income tax rule applicable to fringe benefits availed by employees. Employees of companies with multiple lines of business receiving fringe benefit from a business section that he/ she does not contribute to, are taxable for that benefit. … [Read more...]
Line of Credit
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Line of Credit Understanding between customer and his bank, that may be informal, to establish a loan balance with a specific maximum limit. The bank allows the customer to draw funds from this loan or credit over a predetermined period of time until the maximum loan limit is … [Read more...]
