L Ladder strategy Lady Macbeth Strategy Laffer curve Lag Lag response of prepayments Lagging indicators Lagging indicators Laisse-faire Lambda Land contract Landlord Lapsed option Large-cap Last in, first out Last sale Last split Last trading day Late charge Late tape Launder Law of large numbers Law of one price Lay off Layup LBO LDC Lead Lead manager Lead pipe Lead regulator Lead underwriter Leader Leading economic indicators Leading the market Leakage LEAPS Lease Lease acquisition cost Lease rate Leaseback Leasehold Leasehold improvement Lease-purchase agreement Leaves Ledger cash Leg Leg up LEGAL Legal bankruptcy Legal capital Legal defeasance Legal entity Legal investments Legal list Legal monopoly Legal opinion Legal transfer Legislative risk Legitimate Lemon Lend Lender Lender of last resort Lending agreement Lending at a premium Lending at a rate Lending securities Less-developed countries (LDCs) Lessee Lessor Letter of comment Letter of credit (LOC) Letter of intent Letter stock Level Level debt service Level load Level pay Level term insurance Level-coupon bond Leverage Leverage clientele Leverage ratios Leverage rebalancing Leveraged beta Leveraged buyout (LBO) Leveraged company Leveraged equity Leveraged investment company Leveraged lease Leveraged portfolio Leveraged recapitalization Leveraged required return Leveraged stock Liability Liability funding strategies Liability insurance Liability swap LIBOR Lien Life annuity Life cycle Life expectancy Life insurance Life insurance in force Life insurance policy Lifetime reverse mortgage LIFFE LIFO Lift Lifted Lifting a leg Lighten up Limit on close order Limit order Limit order book Limit order information system Limit price Limit up, limit down Limitation on asset dispositions Limitation on conversion Limitation on liens Limitation on merger, consolidation, or sale Limitation on sale-and-leaseback Limitation on subsidiary borrowing Limited company Limited discretion Limited liability Limited partner Limited partnership Limited payment policy Limited price order Limited risk Limited warranty Limited-liability instrument Limited-tax general obligation bond Line of credit Linear programming Linear regression Lintner's observations Lipper Mutual Fund Industry Average Liquid asset Liquid yield option note (LYON) Liquidating dividend Liquidation Liquidation rights Liquidation value Liquidator Liquidity Liquidity diversification Liquidity Fund Liquidity preference hypothesis Liquidity premium Liquidity ratios Liquidity risk Liquidity theory of the term structure Lisbon Stock Exchange (LSE) Listed firm Listed option Listed security Listed stocks Listing Listing broker In the context of equity, when a stock is traded in exchange it is said to be listed. Listing requirements Living benefits Lloyds of London Load Load fund Load spread option Load-to-load Loan Loan amortization schedule Loan commitment Loan crowd Loan syndication Loan value Loaned flat Loan-to-value ratio (LTV) LOC Local Local expectations theory Local taxes Lock Lock in Lockbox Locked in Locked market Lock-out Lock-up CDs Lock-up option Log-linear least-squares method Lognormal distribution Lombard rate London Commodity Exchange (LCE) London Interbank Offered Rate (LIBOR) London International Financial Futures Exchange (LIFFE) London Metal Exchange (LME) London Stock Exchange (LSE) Long Long bonds Long coupons Long hedge Long leg Long position Long run Long straddle Long-term Long-Term Anticipation Securities (LEAPS) Long-term assets Long-term debt Long-term debt ratio Long-term debt/capitalization Long-term debt-to-equity ratio Long-term financial plan Long-term financing Long-term gain Long-term goals Long-term investor Long-term liabilities Long-term loss Look Lookback option Looking for Look-thru Loophole Loose credit Loss Loss ratio Loss-control activities Loss-of-income insurance Lots Low Low balance method Low ball Low grade Low price Low price-earnings ratio effect Low-coupon bond refunding LTV Lump sum LYON