A limit is a type of order relating to the trading of an asset. It is placed with a broker and indicates a price level at which the owner of the asset wishes to exit their position. This wil...
The LIFFE, or London International Financial Futures and Options Exchange is a futures exchange which is based in London but is part of the NYSE's Euronext exchange....
A liability is any debt that is owed by a firm, individual or country. Liabilities detract from value and are used to finance assets.All liabilities are listed on a company's balance sheet a...
Leveraged Finance (also known as LevFin and LF) is an area within the investment banking division of a bank that is responsible for providing advice and loans to private equity firms and cor...
LBO stands for Leveraged Buyout and refers to the purchase of a company while using mainly debt to finance the transaction. Leveraged Buyouts are usually done by private equity firms and ros...
Leverage is the use of borrowed money to enhance the returns of any investment. Using leverage, an investor is able to achieve the returns of a very large investment whilst only providing the capital ...
A letter of intent is any written communication between two parties agreeing on the trade of a good or service, or any corporate action (merger, acquisition etc.). This letter usually outlines the spe...
A lender of last resort is, as the name implies, a lender that will offer credit to institutions when they cannot find it anywhere else. The most common lender of last resort is the Central Bank, the ...
A large-cap (large capitalization) firm is one with a market capitalization of over $10 billion. This figure is an approximation and may change over time or be defined differently among different indu...
Apple reported its earnings on October 30, 2019. The released covers the fiscal fourth-quarter results. As expected, the report will give investors more insi...