Tag: credit
Hard Inquiry
What is 'Hard Inquiry' A type of credit report check that may lower an individual's credit score. A hard inquiry occurs when...
Deal Breaker
DefinitionDeal Breaker is a 1995 thriller novel by Harlan Coben and is the first of the novels which feature Myron Bolitar. Deal Breaker ...
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...
Lease Payments
What is 'Lease Payments' A line item under long-term debt on a balance sheet that indicates the value of future lease payments...
Last-Sale Reporting
What is 'Last-Sale Reporting' An electronic entry, to the Nasdaq stock market, of the amount and price of shares involved in a...
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...
Lapping Scheme
What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...
Land Contract
What is a land contract and how does it works?
A land contract is a contract between the buyer and seller of a piece of...
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...
Land Flip
What is 'Land Flip' A fraudulent practice in the real estate business of selling undeveloped land at highly inflated prices. A land...