Lakshmi Mittal

DefinitionLakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world's largest...

Land Lease Option

land lease option

When it comes to buying a home, there are many different options available to you. One of those options is the land lease option....

Late Majority

What is 'Late Majority' The last sizable segment of a population to adopt an innovative technology. The late majority accounts for roughly...

Land Value

What is 'Land Value' Land value is the value of a piece of property, including both the value of the land itself...

Libor

LIBOR stands for the London InterBank Offered Rate. It is also termed as ICE LIBOR these days because the Inter Continental Exchange or ICE...

Layaway

DefinitionLayaway is an agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay...

Last Twelve Months (LTM Finance)

What does 'Last Twelve Months - LTM' mean The term "last twelve months" (LTM), which is sometimes known as "trailing twelve months" (TTM), refers to...

Last In, First Out (LIFO)

LIFO

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...

Lattice-Based Model

What is 'Lattice-Based Model' An option pricing model that involves the construction of a binomial tree to show the different paths that...

Lead Bank

lead bank

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....