Super Finance Glossary

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Over 10,000 financial glossary terms...

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Lump Sum
Definition: A large one-time payment of money.
Lump-sum Distribution
Definition: A single payment that represents an employee's interest in a qualified retirement plan. The payment must be prompted by retirement (or other separation from service), death, disability, or attainment of age 59-1/2, and must be made within a single tax year to avoid the federal government's 10% penalty tax.
Luxury Tax
Definition: A tax paid on expensive goods and services considered by the government to be nonessential.
LV
Definition: The two-character ISO 3166 country code for LATVIA.
LVL
Definition: The ISO 4217 currency code for the Latvian Lats.
LY
Definition: The two-character ISO 3166 country code for LIBYAN ARAB JAMAHIRIYA.
Lyapunov Exponents
Definition: A measure of the dynamics of an attractor. Each dimension has a Lyapunov exponent. A positive exponent measures sensitive dependence on initial conditions, or how much our forecasts can diverge based upon different estimates of starting conditions. Another way to view Lyapunov exponents is the loss of predictive ability as we look forward into time. Strange Attractors are characterized by at least one positive exponent. A negative exponent measures how points converge towards one another. Point Attractors are characterized by all negative variables. See: Attractor, Limit Cycle, Point Attractor, Strange Attractor.
LYD
Definition: The ISO 4217 currency code for the Libyan Dinar.
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