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Backing Away
What is 'Backing Away' Failure by a market maker in a security to honor the quoted bid and ask prices for a...
Lagging Indicator
What is a 'Lagging Indicator' A lagging indicator is a measurable economic factor that changes only after the economy has begun to...
Short Position
DefinitionIn finance, a short sale is the sale of an asset that the seller does not own. The seller effects such a sale by...
Tangible Cost
What is ‘Tangible Cost'
A quantitative expense that can be traced back to a specific source or item. Tangible costs are expenditures incurred as a...
Dealer
What is a 'Dealer' A dealer is a person or firm in the business of buying and selling securities for their own...
Vendor Take-Back Mortgage
Home Ownership by Country Vendor Take-Back Mortgage What is a 'Vendor Take-Back Mortgage' A vendor take-back mortgage is a type of mortgage...
Lease Balance
What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract. The lease...
Leakage
What is a 'Leakage' Leakage is a situation in which capital, or income, exits an economy or system rather than remaining within...
Lead Underwriter
What is 'Lead Underwriter' A investment bank or other financial outfit that has the primary directive for organizing an initial public stock...
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...