What is 'Par' Short for "par value," par can refer to bonds, preferred stock, common stock or currencies, with different meanings depending...
DefinitionA year is the orbital period of the Earth moving in its orbit around the Sun. Due to the Earth's axial tilt, the course...
What is the 'Variable Cost Ratio' The variable cost ratio is an expression of a company's variable production costs as a percentage...
What is 'Lead Underwriter' A investment bank or other financial outfit that has the primary directive for organizing an initial public stock...
What is 'Lawful Money'
Gold coins, silver coins, Treasury notes, and Treasury bonds are all examples of currency that is not issued by the Federal...
What is a 'Leakage' Leakage is a situation in which capital, or income, exits an economy or system rather than remaining within...
DefinitionThe last mile or last kilometer is a colloquial phrase widely used in the telecommunications, cable television and internet industries to refer to the...
DefinitionLand rehabilitation is the process of returning the land in a given area to some degree of its former state, after some process has...
What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract. The lease...
What is 'Land Value Tax - LVT' A tax on the value of a piece of land. Land value tax inherently makes...