DefinitionLand rehabilitation is the process of returning the land in a given area to some degree of its former state, after some process has resulted in its damage. Many projects and developments will result in the land becoming degraded,...
What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract. The lease balance becomes important in two main situations. The first is in the event that a...
What is 'Land Value Tax - LVT' A tax on the value of a piece of land. Land value tax inherently makes up a portion of all real estate property tax; however, land value tax takes only...
What is 'Leading Lipstick Indicator' An indicator based on the theory that a consumer turns to less expensive indulgences, such as lipstick, when she (or he) feels less than confident about the future. Therefore, lipstick sales tend...
What is 'Last-Sale Reporting' An electronic entry, to the Nasdaq stock market, of the amount and price of shares involved in a transaction's not less than a board lot. Explaining 'Last-Sale Reporting' Trades reported...
Larry Montgomery What is 'Larry Montgomery ' A former CEO and chairman of Kohl's department stores. Montgomery joined Kohl's in 1988 as senior vice president and director of stores. He was appointed to the board of...
DefinitionIn the law of inheritance, a laughing heir is an heir who is legally entitled to inherit the property of a person who has died, even though that heir is only distantly related to the deceased, and therefore has...
DefinitionIn microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases ; conversely, as the price of a good decreases, quantity demanded increases ". In other...
What is 'Landominium'
When a person owns a piece of residential property, he or she owns both the house and the land on which the house is constructed. Like a condominium, the property is a part of a larger community...
Who is Larry Ellison
Larry Ellison is an American businessman, the co-founder of Oracle Corporation, and one of the richest men in the world. Born in New York City in 1944, Ellison grew up in a working-class Jewish neighborhood in...