Personal Finance Glossary
Definition of Shelf Registration
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"Land" is real property, which consists of the surface of the earth, including the sub surface and... more
"Land value" refers to the actual value of the land on which a property sits. This does not include... more
A "landlord" is an owner of real property who rents all or a portion of the property to a tenant.... more
"Large cap stocks" typically refers to stocks of publicly traded companies who have a market... more
"Last in, first out" or "LIFO" is an accounting method based on the premise that the newest... more
The term "last trading day" refers to the last day that an options or futures or contract may trade... more
A "late charge" is a fee charged by a lender or creditor when a payment owed is made after the due... more
A "late fee" is a fee charged by a lender or creditor when a payment owed is made after the due... more
A "late payment" is a payment that is made after the date that it was due. Late charges are... more
A "leveraged buy out" or "LBO" is a transaction typically involving a public corporation being... more
A "lease" is a contract providing for the rental of property for a specified term with designated... more
A "leaseback" is a business transaction whereby an asset is simultaneously sold and leased back to... more
"Leasehold improvements" are expenses incurred for the permanent improvements to rented facilities.... more
A "lender" is an individual, entity, or financial institution, who provides the funds for a loan.... more
A "lessee" is a person or entity that leases real or personal property from the owner of that... more
A "lessor" is an owner of real or personal property who leases that property to a user of the... more
A "letter of credit" is a form of guarantee of payment by a bank or financial institution. Letters... more
A "letter of intent" is a document where two or more parties set forth an indication of interest in... more
The term "letter stock" refers to stock that has not been registered with the Securities and... more
"Leverage" is the process of incurring debt in order to continue or expand the scope of a business.... more
A "leveraged buy out" or "LBO" is a transaction typically involving a public corporation being... more
A "leveraged lease" is a lease where the lessor purchases the asset with part of the consideration... more
"Liability" generally refers to a legal responsibility, obligation, or debt. Examples of... more
The "London Interbank Offered Rate" or "LIBOR" is the rate of interest that major international... more
A "license agreement" gives a person or entity the right to use someone else's assets. A... more
A "lien" is a security interest in an asset or property, protecting a lender or creditor's loan... more
"Life insurance" refers to a contract policy that pays a monetary sum to the insured person's... more
"Last in, first out" or "LIFO" is an accounting method based on the premise that the newest... more
"Like-kind property" is a term used in the context of tax deferred exchanges of real property under... more
A "limit order" refers to an order to buy a stock at or below a designated price, or to sell a... more
A "limited liability company" or "LLC" is a form of business organization authorized by state law.... more
A "limited partnership" is an entity formed under state law that includes one or more general... more
A "limited partnership agreement" is a contract among the general and limited partners of a limited... more
A "limited warranty" is a contractual promise by a manufacturer or seller of goods or services,... more
A "line of credit" is a pre-established loan agreement between a bank or financial institution and... more
A "Liquid Yield Option Note" or "LYON" is a zero-coupon bond issued by a corporation, which also... more
"Liquidate" refers to the process of selling securities or assets to obtain cash. For example, one... more
The term "liquidation" in connection with finance and business often has two meanings: (1)... more
"Liquidation rights" refers to the rights of a security holder in the event of a liquidation of a... more
A "listed option" is a put or call option that is traded on a national options exchange. Listed... more
A "listed security" is a stock or bond that has been authorized for trading on a stock exchange.... more
A "listed stock" is a stock that has been approved and listed for trading on a stock... more
"Listing broker" refers to the real estate broker who is responsible for the listing of a property... more
"Listing requirements" are the rules of eligibility that a corporation must meet before its stock... more
A "living trust" is a trust that an individual establishes while he or she is alive, enabling the... more
A "living will" is a legal document setting forth the kind of medical care a person wants or... more
A "limited liability company" or "LLC" is a form of business organization authorized by state law.... more
A "load fund" is a mutual fund that charges a fee for either purchase or sales of its... more
A "load mutual fund" is a mutual fund that charges a fee for either purchase or sales of its... more
A "loan" is an arrangement where a sum of money is borrowed from one party (the "lender") with a... more
A "loan commitment" is a written promise by a lender to make a loan under specified terms and... more
A "loan officer" is a representative of a lending institution who is empowered to act on behalf of... more
A "loan origination fee" is a fee charged by a lender for making a loan. Such a fee is often... more
A "loan processing fee" is a fee charged by some lenders in order to process a loan... more
A "loan syndication" refers to a group of banks or other lenders coming together to make one large... more
A "loan to value ratio" is the ratio of money borrowed on a property to the property's fair... more
A "lock-in" refers to a commitment from a lender guaranteeing g a specified interest rate for a... more
A "lock-up agreement" is a contractual commitment between the underwriters and insiders of a... more
An "LOI" or "letter of intent" is a document where two or more parties set forth an indication of... more
The "London Interbank Offered Rate" or "LIBOR" is the rate of interest that major international... more
A "long bond" generally refers to a 30 year U.S.... more
A "long position" is an investment in a security where the investor owns the security and expects... more
"Long capital term gain" is the profit on the sale of the capital asset (such as stocks or real... more
"Long term gain" is the profit on the sale of the capital asset (such as stocks or real estate)... more
A "low documentation loan" is a mortgage that requires only minimal verification of income and... more
A "lump sum distribution" is a distribution from a 401(k) retirement plan that includes the entire... more
A "Liquid Yield Option Note" or "LYON" is a zero-coupon bond issued by a corporation, which also... more
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    NASDAQ National Market

    The "NASDAQ National Market" is a market that consists of over ,3000 companies that...