What is Last In, First Out (LIFO)?
LIFO is an inventory accounting method in which the most recently acquired items are the first ones to be sold. This approach is used to match current revenue with current expenses, and it...
What is 'Lattice-Based Model' An option pricing model that involves the construction of a binomial tree to show the different paths that the underlying asset may take over the option's life. A lattice model can take into...
What is Lead Bank and how does it work
A lead bank is a financial institution that acts as the coordinator for a syndicated loan. The lead bank is responsible for assembling the syndicate, negotiating terms with the borrower, and...
DefinitionThe law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price...
What is 'Law Of 29' A belief held by some marketers that on average a prospective customer will not purchase a good or service until they have been exposed to a marketing message 29 times. While the...
DefinitionLawrence Joseph Ellison is an American businessman, entrepreneur, and philanthropist who is co-founder, executive chairman and chief technology officer of Oracle Corporation. As of June 2018, he was listed by Forbes magazine as the fifth-wealthiest person in the United...
What is 'Latin Baseball Futures' A financial contract used to speculate on the potential of teenage baseball players from Latin America who are training to earn spots in Major League Baseball (MLB). Investors in Latin baseball futures...
What is 'Lady Macbeth Strategy' A corporate-takeover strategy with which a third party poses as a white knight to gain trust, but then turns around and joins with unfriendly bidders. Explaining 'Lady Macbeth Strategy' ...
What is the 'Learning Curve' A learning curve is a concept that graphically depicts the relationship between cost and output over a defined period of time, normally to represent the repetitive task of an employee or worker....
What is 'Late-Day Trading' An unethical (if not illegal) practice of a hedge fund purchasing and then selling securities (usually shares of a mutual fund) after the close of a trading day, but making the transactions appear...