Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: L

LIQUIDITY SQUEEZE

Lending institutions’ reluctance to loan reserve money based on short-term money-availability concerns. This makes it more expensive for banks to borrow funds from each other as interbank market interest rates increase placing

LITTER

Solid waste lost to waste handling system, discarded carelessly, becoming uncollectible.

LOAD SHIFTING

Moving demand from daily peak hours to off-peak hours. A load management technique.

LOCK-IN PERIOD

1. To generate a certain minimum return on the monies loaned, to cover the lender’s marketing and loan administration expenses, this is a period when loan full-payoff is not allowed without penalties,

LOGISTICS CHANNEL

Receiving, handling, storage, transportation, and communications functions as the focus of all networked participants in a supply chain.

LONG COUPON

On a bond, a longer period is covered by this specific interest payment than other coupons. The first interest installment is typically associated with a long coupon.

LONG TERM INVESTMENT

Bond, debenture, preferred stock/preference shares that mature in 10 years or more as an investment instrument.

LOOSE MONETARY POLICY

The government’s or central bank’s monetary policy and how the nation’s money supply is managed. It occurs by expanding the money supply and encouraging citizens and economic growth with easy access to

LOSS EXPECTANCY

Maximum loss estimate most likely due as an exposure. the insured takes special attention to loss prevention measures.

LOT QUANTITY

For a lot: Defined quantity; item count. Another name for lot size.

LOWERCASE

Alphabet’s uncapitalized letters. Found in printing establishments that utilize handset foundry type, it is generally stored in the lower part of a type-composer’s job case. This is the source of its name.

LADDERED PORTFOLIO

Organized, arranged, steady income-producing investment portfolio. Bonds with different maturities spread the investment amount to hedge and minimize interest rate fluctuation impacts. Equal amounts of money buys bonds due to mature in

LANDLOCKED STATE

Condition of acreage having no direct access to the sea, being totally surrounded by other unique land areas. An example is Switzerland.

LATERAL SHELF FILE

side-by-side hanging-file filing cabinet, displaying all file tags/labels at once. A lateral file cabinet is wide instead of deep. Contrast vertical shelf file.

LAW OF PROPORTIONS

Economic concept that optimization brings an increase in returns from a manufacturing operation. A change in the proportion of production factors can push toward the optimum or away from it. An example

LEAD GENERATION

Collecting names and contact information about qualified sales prospects as a process. Intent is to contact these leads by the salespeople seeking sales orders. Direct response advertising and telemarketing are the biggest

LEADERSHIP SYSTEM

The mechanisms for making, communicating, and executing decisions, and for selecting and training leaders and managers organized into a repeatable process. Leadership is exercised through formal and informal organizational structure, policies, and

LEASE UNDERWRITING

A lender, bank or leasing company has a lease agreement and arranges any financing required.

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