Glossary

l
Ladder
Lagging indicator
Lamfalussy
Landesbank
Lapsed rights
Last In, First Out (LIFO)
Last notice day
Last trading day
Latent default
Law of one price
Lay off
L´Instrument Financier pour l´Environnement (LIFE+)
LCDS
Lead arranger
Lead bank
Lead investor
Lead manager
Leading indicators
Leads and lags
League tables
Lease
Lease financings
Lease purchase
Lease rate
Lease term
Leasehold
Legal advisors
Legal opinion
Legal ownership
Legal risk
Lemons and plums
Lender liabilities
Lender of last resort
Lenders' engineer
Less Developed Countries (LDC)
Lessee
Lessor
Letter of comfort
Letter of credit (L/C)
Letter of Intent (LOI)
Letters of Guarantee (L/G), indemnity
Level playing field
Leverage / Gearing
Leveraged acquisition finance
Leveraged asset-based finance
Leveraged Buyout (LBO)
Leveraged corporate credit
Leveraged finance
Leveraged lease
leveraged loans
Leveraged recapitalizations
Liabilities
Liability driven management
LIBID (London Inter Bank Bid Rate
LIBOR
Lien
Life of contract
Life-cycle funds
Likelihood (or probability)
Limean
Limit
Limit down
Limit move
Limit order
Limit up
Limited convertibility
Limited partnership
Limited recourse
Line of credit
Linear bond
Lines
Liquid assets
Liquidated damages (LDs)
Liquidation
Liquidity
Liquidity event (exit strategy).
Liquidity facility
Liquidity management
Liquidity preference
Liquidity ratio (or current ratio)
Liquidity risk
Living dead
Lloyd's of London
Load fund
Loan amortization
Loan Life Cover Ratio (LLCR)
Loan servicer
Loan To Value (LTV)
Loan-to-own
Loans
Local
Local agent
Lock-up period
Locked market
London inter-bank bid rate (Libid)
London InterBank Offered Rate (LIBOR)
Long
Long dated shorts
Long hedge
Long term
Long term debt securities
Long term incentive plans (LTIPs)
Long-term capital gain (LTCG)
Long-term incentive plan
Long-term investment strategy
Long-term liabilities
Longevity bonds
Look back
Look-back options
Loss given default (LGD)
Loss harvesting
Loss payee
Loss ratio
Loss-sharing agreement
Loss-sharing pools
Lump sum payment