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

LIQUIDATING DIVIDEND

A company will issue this type of payment to shareholders if the company is claiming bankruptcy or ceasing business operations. Shareholder company share-count determines a shareholder’s payment amount.

LIQUIDATION PERIOD

The time when a company sell of a portfolio or asset to compensate for risk. Refer to holding period.

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

LIQUIDITYTRAP

When a company holds their assets and does not sell them. It stops any two way traffic of funds causing new buyers to enter the market.

LIST BROKER

Entity that sells categorized lists for use in direct mail campaigns, of people in a geographical area.

LIST SERVER

Email messaging services’ dedicated computer system.

LISTED COMPANY

Stock exchange public trading company with quoted shares. Also known as quoted company.

LISTED PROPERTY

Property for lease or sale assigned to an authorized real estate broker. Also known as listing.

LISTED SECURITY

Investment instrument, stock, shares, bonds, officially quoted or listed for public trading on a stock exchange. In over the counter market in the US or in alternative investment market in the UK

LISTERIOSIS

Infected ready-to-eat meat, dairy products, salads, and cook chill dishes transmit Listeria monocytogenes, a grampositive bacteria that causes foodborne disease. Dark red rash over legs and trunks, flulike fever, and lethargy, leading

LISTING

1. Posting a accepted security on a stock exchange for trading. 2. Certification of an appliance, equipment, or supplies as complying with specific safety and/or other requirements by an independent standards or

LISTING AGENCY

Independent private or public standards or testing organization that assesses goods and materials based on specific criteria and gives its mark, known as listing mark, to be carried on qualifying items as

LISTING AGREEMENT

An contract that authorizes the broker to sell or lease the property at a set price and terms. The broker receives a commission or other compensation from property owner following the closing.

LISTING BROKER

The listing broker contracts to list a property in a multiple listing situation. This broker initiates the listing agreement. The same person may be The listing broker and the cooperating broker.

LISTING MARK

Certification mark given as a stamp of approval organizations that apply independent standards or testing on qualifying goods and materials. The ‘UL’ mark is such a mark given by Underwriters’ Laboratory, which

LISTING REQUIREMENTS

Conditions that a firm must meet before the security, be it a stock, shares, or bonds, is officially quoted or listed for public trading on an organized stock exchange. Some of these

LITERARY WORK

Written words, numbers, or symbols in any medium, but not audio visually, expresses an intellectual content.

LIVE SPACE

Area inside a wall that reflects sound, thus sustaining it.

LIVE WIRE

current is flowing through this part of electrical wiring. Contrast to a ground wire or a neutral wire. Also known as hot wire.

LIVERY USE

Carrying passengers using a rented vehicle. Typically an automobile insurance policies’ exclusion.

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