Lease
A convention by which the owner of an asset permits an additional to use the asset for a stated time in revisit for payment at an decided rate.

Leasehold
A period used to illustrate property held other than in absolute ownership.

Leasehold improvements
Those expenditures, regularly on buildings, made by the lessee to change or improve leased property. Such improvements frequently become the property of the lessor upon termination of the charter.

Leg
A risk leaning method of establishing a two sided location. Slightly than entering into a simultaneous transaction to create the position, the dealer first executes one side of the location, hoping to perform the other side at a later time and a better price.

Leverage
A calculate of debt. A greatly leveraged company has high debt. The leverage ratio is totality assets separated by shareholders’ equity. The use of borrowed capital to enlarge the return of an investment.

Leveraged Buyout
A position where investors acquire a corporation regularly using borrowed funds. The borrowings are secured by the assets of the corporation being acquired.

Leveraged lease
A funding lease which involves the arranging of a non alternative loan from a lender to the lessor to assist in the purchase of the asset. By the use of monetary leverage, the lessor may be able to reach tax savings which may in turn benefit the lessee throughout lower lease payments.

Liabilities
Liabilities are prospect sacrifices of fiscal benefits stemming from present legal, equitable, or constructive obligations of an article to transfer assets or present services to other entities in the future as a consequence of past transactions or events affecting the article. The permissible obligation to pay a debt. Current liabilities are debts allocated within twelve months; long term liabilities are debts allocated over a period of more than twelve months.

Limit
The value limit for an order, eg a bid of 300 means that the buyer is not prepared to pay more than 300 for the security.

Limit Order
This is a designation a depositor places on an order to buy or sell. When an order is partial to a certain price, the order will be filled, if it is filled, at the limit price or at a better price if the stock or decision trades at a better price. An order to a agent to buy a security at or below a specified price. Forever use a bound order when trading options.

Limited liability
Inadequate companies have limited liability. The responsibility of the shareholder in this type of company is limited to the coverage of the value of their shares or guarantee.

Limited liability company
A company the responsibility of whose members are limited by shares or assurance. In the case of the former, liability is limited to the amounts voluntary on the shares, in the case of the latter by the sum undertaken to be contributed in the affair of a winding up of the company.

Liquid assets
Assets which you can simply convert into cash, such as shares or permanent interest investments.

Liquidation dividend
A imbursement to creditors on a winding up or bankruptcy when the creditors cannot be repaid in full or are repaid in instalments.

Liquidator
The individual appointed to wind up a company.

Liquidity
Being able to translate assets into cash easily, speedily and with little or no loss of capital. A juice market is a market with sufficient participants to make buying and selling easy.
The ease and confidence with which an asset can be renewed into cash.

Listed Managed Investments
LMIs tender investors exposure to a professionally managed selection in a variety of assets, such as shares, bonds, cash, and real estate throughout a single security

Listed stock
Securities which are accepted for admission to the administrator List and so, for trading on the Stock Exchange.

Long
In its simplest form, long means the purchase of a stock or decision. Or Long situation. Describes the owning of a security.

Long Tail
A extensive tail means the low for the day was well under the close. In other words, the market opened, sellers took over and pushed the index down, but then buyers came back in and ran the directory back up to where it opened.

Long term assets
On the Balance Sheet, the value of a company's assets, equipment and other capital assets, less reduction. These are regularly recorded at cost and so do not essentially reflect the market value of the assets.

Long term debt
Loans with obligations of over one year on which interest is paid.

Long term debt/capitalization
A proportion that indicates a company's financial influence. It is calculated by dividing long term debt by the capital accessible to the company

Long Term Equity Appreciation Participation Securities
LEAPS are stock options that have expiration dates that enlarge beyond one year. Long term Equity Anticipation Securities, or LEAPS®, are long term stock or directory options. LEAPS®, like all options, are accessible in two types, calls and puts, with termination dates up to three years in the prospect.

Long term liabilities
A company's liabilities for leases, bond repayments and other things due in more than one year.

Low Implied Volatility

When the current Implied Volatility is in the lowest 20% of its range for the last 6 months:

(Current Implied Volatility – Low Implied Volatility)
----------------------------------------------------------- * 20%
(High Implied Volatility – Low Implied Volatility)

Lower of cost or market
An accounting process providing for inventories and some other current assets to be respected at the lower of their historical cost and net realisable value.