Terms beginning with L

• Land Value Tax
  A tax that charges each landholder a portion of the assessed site-only value of unimproved land in their possession. The tax is said to be j...(Read more)
• Landlord
  A property owner who rents property to another party called a tenant....(Read more)
• Lapse
  In insurance terminology, a policy is deemed to have lapsed when the policyholder fails to pay the renewal premiums. Also, it may be that th...(Read more)
• Lapsed Option
  The expiry of an option without being exercised by the holder. In the UK this is known as abandonment....(Read more)
• Large Cap
  One of a trio of terms in common use, the others being small cap and mid cap referring to market capitalisation of firms. While the threshol...(Read more)
• Last Notice Day
  The final day on which notices of intent to deliver on futures contracts may be issued....(Read more)
• Last Trading Day
  An expression used in futures and options trading which refers to the last day for trading in a contract for a particular delivery or expiry...(Read more)
• Late Charge
  A charge imposed by a lender on a borrower when the borrower fails to make payment on the due date....(Read more)
• Late Reported Trade
  A term used by the London Stock Exchange to denote that a trade was not reported in accordance with the Exchange's rules on trade reporting....(Read more)
• Late Trading
  Late trading, or after-hours, trading involves placing orders for shares after the official market close....(Read more)
• Laundering
  The covert manipulation of money often obtained in a wrongful manner, for example theft, drug trading or gambling, so as to seem to have ori...(Read more)
• Law Society
  

  The professional body for solicitors in England and Wales.

  Its aims and objectives are defined in the 1845 Royal Charter as having ...(Read more)

• Leading Indicators
  Economic indicators which tend to predict changes in the economy, such as sentiment surveys, housing starts or investment orders....(Read more)
• Lease
  A contract in which the legal owner of property or other asset agrees to another person using that property or asset in return for a regular...(Read more)
• Lease Back
  A situation whereby a property is sold by its owner to another person or company on condition that the purchaser leases the property back to...(Read more)