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

LOGISTICS SUPPORT

Equipment, facilities, spares, technical information, and trained personnel procurement and distribution for a campaign, plan, or project as essential actions for their proper operation.

LOG-LINEAR LEAST-SQUARES METHOD

Statistical estimation technique for straight-line, linear relationships between two or more variables. A dependent variable is influenced by one or more independent variables in this case. The data values, converted to their

LOGNORMAL DISTRIBUTION

A report where asset prices distribution is calculated using a random variable to show how the market can change. Refer to normal distribution.

LOGO

Consumer identifier, recognizable and distinctive. Solely for identifying an organization, not a product, it is a graphic design, stylized name, unique symbol, or other device. Also known as logotype. Appearing on all

LOMBARD RATE

For loans on a collateralized security, this is the interest rate charged by the central bank of Germany.

LOME CONVENTION

Agreement to provide aid and extend trade and tariff preferences to 62 African, Caribbean, and Pacific (CAP) states by the European community, now the European Union. In 1975 the capital of Togo,

LONDON CLUB

Major creditor banks informally associated who discuss debt rescheduling when requested by borrower governments, as well as other banking matters. The group convenes as needed for these discussions. Also refer to Group

LONDON METAL EXCHANGE (LME)

Futures exchange for non-ferrous metal and plastics based in London, England. 1571 saw the establishment of the Royal Exchange, London’s first stock exchange, which evolved into the LME.

LONDON STOCK EXCHANGE (LSE)

Located in London, England, this is an international stock exchange with a regional office in Hong Kong. Currently trading on the LSE are more than 400 international companies from more than 60

LONG ARBITRAGE

If the forward rate is lower than the futures rate of a security the market decides to lower the price. Refer to short arbitrage.

LONG ARM STATUTE

The jurisdiction of foreign courts is extend to local territory, usually on a reciprocal basis for specific types of cases, by this local law.

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 DISTANCE CALL

Two or more central offices are typically involved in this type of telephone call.

LONG END

A yield curve of more than seven years. Refer to belly of the curve and short end.

LONG FORM BILL OF LADING (B/L)

B/L with the terms and conditions of carriage printed on its back. Either the older Hague rules or the more recent HagueVisby rules govern these terms. Conditions of carriage are defined as

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.