Ledger Cash Also book cash. The cash balance of a firm as per the financial statements of the firm. … [Read more...]
Legacy Asset
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Legacy Asset Asset generally having a depreciated value to the point of making a loss for the business. Typically these assets have been on the books for an extended period of time. … [Read more...]
Legal Bankruptcy
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Legal Bankruptcy Liquidation proceedings or bankruptcy proceedings conducted as per law of the land. … [Read more...]
Legal Capital
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Legal Capital The value of the shares of a company as recorded in the books of accounts. … [Read more...]
Legal Defeasance
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Legal Defeasance Stipulations in bond indenture according to which cash or permitted securities are deposit into a trust that cannot be revoked. This deposit ensures that all the obligations undertaken by means of the bond indenture are fully fulfilled by the issuer. … [Read more...]
Legal Investments
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Legal Investments Assets and other investments that are permitted to be made by the regulated entity within the rules that are in force over this aspect. … [Read more...]
Lend
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Lend Making available some funds on a temporary basis, subject to the condition that full repayment will take place, often including interest payment within a given time period. … [Read more...]
Lender Of Last Resort
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Lender Of Last Resort A financial institution, like the central bank, that loans funds to banks or other institutions when they are near collapse or considered highly risky. The Federal Reserve is the lender of last resort in the U.S. to institutions that lack other means of … [Read more...]
Lessee
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Lessee Individual or entity that takes from another entity or individual an asset on lease. … [Read more...]
Lessor
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Lessor Individual or entity that gives to another entity or individual an asset on lease. … [Read more...]
Letter Of Guarantee
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Letter Of Guarantee - Contract issued by a bank for a customer who formally agrees to purchase goods from a supplier with a promise to fulfill financial obligations in case of default. - Document issued by bank for a call writer confirming that writer owns the underlying asset … [Read more...]
Letter Stock
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Letter Stock Common stock placed privately. Referred to in this manner because of a SEC rule calling for a written statement from the buyer saying that it is not purchased for resale purposes. … [Read more...]
Level-Coupon Bond
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Level-Coupon Bond A bond that assures a flow of coupon payments that remain equal throughout the bond’s life until maturity. … [Read more...]
Leverage
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Leverage The use of debt financing or use of fixed costs to enhance the return from investment. … [Read more...]
Leverage Build Up
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Leverage Build Up Addition of debt to enter a position with potential for large returns. Involves exposure to leveraged positions for the opportunity to enhance magnify returns. … [Read more...]
Leverage Clientele
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Leverage Clientele A shareholders group that, owing to their personal leverage, seeks to invest in companies that maintain corporate leverage that is compatible. … [Read more...]
Leverage Ratios
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Leverage Ratios Tool to evaluate the relative contribution of creditors and stockholders and the ability of the firm to meet financing charges. Can be described as the value of firm's total debt to the total value of the business. … [Read more...]
Leverage Rebalancing
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Leverage Rebalancing Undertaking transactions to rebalance or adjust the leverage ratio of a firm back to the target levels. … [Read more...]
Leveraged Beta
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Leveraged Beta Beta adjusted for the proportion or degree of leverage in the capital structure of the firm or the beta of a leveraged minimum expected return. … [Read more...]
Letter of Comment
Letter of Comment SEC letter outlining changes in the registration statement of a firm. … [Read more...]