Land Flip
What is 'Land Flip' A fraudulent practice in the real estate business of selling undeveloped land at highly inflated prices. A land flip occurs when a group of dishonest buyers trades the land among its members, increasing the price with each transaction. The group will then finally unload the property onto an unsuspecting outside buyer at a...
Lancaster University Management School (LUMS)
What is Lancaster University Management School (LUMS)? Established in 1965, Lancaster University Management School (LUMS) is a leading business school located in the North West of England. We are part of Lancaster University, a world-class institution with an excellent reputation for teaching and research. LUMS offers an exceptional range of undergraduate, postgraduate and executive education programmes, all of which are...
Landlord
Being a landlord can be a very profitable business venture, but it also comes with a lot of responsibility. In this blog post, we will explore the benefits and drawbacks of being a landlord, as well as some tips on how to be successful in this field. What is a landlord A landlord is an individual who owns property that is...
Lame Duck
What is a lame duck A lame duck, in finance, is a firm or individual that is no longer able to make sound financial decisions. The term is often used in the context of corporate takeovers. A company that is in the process of being taken over is often referred to as a "lame duck" because its management team is...
Large Trader
What is 'Large Trader' An investor or organization with trades that are equal to or in excess of certain amounts as specified by the United States Securities And Exchange Commission (SEC). A large trader is defined by the SEC as "a person whose transactions in NMS securities equal or exceed 2 million shares or $20 million during...
Leads And Lags
DefinitionIn international finance, leads and lags refer to the expediting or delaying, respectively, of settlement of payments or receipts in a foreign exchange transaction because of an expected change in exchange rates. A change in exchange rates can be a cause of loss in international trade, thus the settlement of debts is expedited or delayed in an attempt to...
Laissez Faire
DefinitionLaissez-faire is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies. The phrase laissez-faire is part of a larger French phrase and basically translates to "let do", but in this context usually means to "let go". Laissez Faire What is 'Laissez-Faire' Laissez-faire is an economic...
Last Trading Day
What is the last trading day for a security The last trading day for a security is the final day that trading can take place before the security is no longer traded. This date is typically set by the issuer of the security, and it may be different from the date on which the security expires. For example, a bond...
Lanchester Strategy
What is 'Lanchester Strategy' A war strategy that has been successfully applied in the business context to entering new markets. The strategy is named after British engineer Frederick W. Lanchester, who published the laws governing the war strategy in a landmark publication titled "Aviation in Warfare: The Dawn of the Fourth Arm" in 1916. In business, the...
Lagged Reserves
Banks use lagged reserves to manage their liquidity and protect themselves from risks associated with deposit outflows. Lagged reserves are a critical tool for banks, and they have become increasingly important in the wake of the financial crisis. Here we will discuss what lagged reserves are, how they work, and the benefits and drawbacks of using them. We will...