Tag: definition

What is 'Underinsured Motorist Coverage Limits Trigger' One of the two triggers that can be specified by an insured party to protect...

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...

What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract. The lease...

What is a 'Leakage' Leakage is a situation in which capital, or income, exits an economy or system rather than remaining within...

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...

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

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

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

What is 'Lease Payments' A line item under long-term debt on a balance sheet that indicates the value of future lease payments...

What is 'Laggard' A stock or security that is underperforming. A laggard will have lower-than-average returns compared to the market. A laggard...