Super Finance Glossary
Over 10,000 financial glossary terms...
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Browsing by the letter "L"
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Listed Firm
Definition: A company whose stock trades on a stock exchange, and conforms to listing requirements.
Definition: A company whose stock trades on a stock exchange, and conforms to listing requirements.
Listed Security
Definition: Stock or bond that has been accepted for trading by one of the organized and registered securities exchanges in the United States. Generally, the advantages of being listed are that exchanges provide: (1) an orderly marketplace; (2) liquidity; (3) fair price determination; (4) accurate and continuous reporting on sales and quotations; (5) information on listed companies; and (6) strict regulation for the protection of securityholders. Antithesis of OTC Security.
Definition: Stock or bond that has been accepted for trading by one of the organized and registered securities exchanges in the United States. Generally, the advantages of being listed are that exchanges provide: (1) an orderly marketplace; (2) liquidity; (3) fair price determination; (4) accurate and continuous reporting on sales and quotations; (5) information on listed companies; and (6) strict regulation for the protection of securityholders. Antithesis of OTC Security.
Listing
Definition: In the context of real estate, written agreement between a property owner and a real estate broker that gives the broker permission to find a buyer or tenant for some property. See: Listing broker.
Definition: In the context of real estate, written agreement between a property owner and a real estate broker that gives the broker permission to find a buyer or tenant for some property. See: Listing broker.
Listing Broker
Definition: In the context of equity, when a stock is traded in exchange it is said to be listed. A licensed real estate broker who completes a listing of a property for sale.
Definition: In the context of equity, when a stock is traded in exchange it is said to be listed. A licensed real estate broker who completes a listing of a property for sale.
Listing Requirements
Definition: Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading.
Definition: Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading.
Living Benefits
Definition: Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.
Definition: Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.
Living Trust
Definition: A trust that an individual establishes during the individual's lifetime, enabling the person to control the assets contributed to the trust. Also known as an inter vivos trust.
Definition: A trust that an individual establishes during the individual's lifetime, enabling the person to control the assets contributed to the trust. Also known as an inter vivos trust.
Living Will
Definition: A document specifying the kind of medical care a person wants-or does not want-in the event of terminal illness or incapacity.
Definition: A document specifying the kind of medical care a person wants-or does not want-in the event of terminal illness or incapacity.
Load
Definition: The sales fee charged to an investor when shares are purchased in a load fund or annuity. See: Back-end load; front-end load; level load.
Definition: The sales fee charged to an investor when shares are purchased in a load fund or annuity. See: Back-end load; front-end load; level load.
Load Fund
Definition: A mutual fund that sells shares with a sales charge-typically 4% to 8% of the net amount indicated. Some no-load funds also levy distribution fees permitted by Article 12b-1 of the Investment Company Act; these are typically 0. 25%. A true no-load fund has neither a sales charge nor a distribution fee.
Definition: A mutual fund that sells shares with a sales charge-typically 4% to 8% of the net amount indicated. Some no-load funds also levy distribution fees permitted by Article 12b-1 of the Investment Company Act; these are typically 0. 25%. A true no-load fund has neither a sales charge nor a distribution fee.
Load Spread Option
Definition: A method of allocating the annual sales charge on load funds, often through percentage deductions from a customer's periodic fixed payments.
Definition: A method of allocating the annual sales charge on load funds, often through percentage deductions from a customer's periodic fixed payments.
Load-to-load
Definition: Arrangement whereby the customer pays for the last delivery when the next one is received.
Definition: Arrangement whereby the customer pays for the last delivery when the next one is received.
Loan
Definition: Temporary borrowing of a sum of money. If you borrow $1 million you have taken out a loan for $1 million.
Definition: Temporary borrowing of a sum of money. If you borrow $1 million you have taken out a loan for $1 million.
Loan Amortization Schedule
Definition: The timetable for repaying the interest and principal on a loan.
Definition: The timetable for repaying the interest and principal on a loan.
Loan Commitment
Definition: Assurance by a lender to make money available to a borrower on specific terms in return for a fee.
Definition: Assurance by a lender to make money available to a borrower on specific terms in return for a fee.
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