DefinitionIn probability theory, the law of large numbers is a theorem that describes the result of performing the same experiment a large number of...
What is 'Lady Godiva Accounting Principles - LGAP' A theoretical set of accounting principles under which corporations would have to fully disclose...
What is 'Layered Fees' Two sets of management fees that are paid by an investor for the same group of assets. This...
DefinitionIn microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a...
DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant...
What is 'Lambda'
The ratio of the percentage change in an option contract's price to the percentage change in the option's underlying price. Lambda is...
Definition
A will or testament is a legal document by which a person, the testator, expresses their wishes as to how their property is to...
What does 'Large Cap - Big Cap' mean Large cap (sometimes "big cap") refers to a company with a market capitalization value...
DefinitionThe law of one price constitutes the basis of the theory of purchasing power parity, an assumption that in some circumstances it would cost...
What is 'Land Flip' A fraudulent practice in the real estate business of selling undeveloped land at highly inflated prices. A land...