Tag: business
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...
Variable Cost Ratio
What is the 'Variable Cost Ratio' The variable cost ratio is an expression of a company's variable production costs as a percentage...
Land Value Tax (LVT)
What is 'Land Value Tax - LVT' A tax on the value of a piece of land. Land value tax inherently makes...
Lease Balance
What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract. The lease...
Land Rehabilitation
DefinitionLand rehabilitation is the process of returning the land in a given area to some degree of its former state, after some process has...
Last Mile
DefinitionThe last mile or last kilometer is a colloquial phrase widely used in the telecommunications, cable television and internet industries to refer to the...
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...
Last In, First Out (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...
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...
Late Majority
What is 'Late Majority' The last sizable segment of a population to adopt an innovative technology. The late majority accounts for roughly...