Terms Starting with L

  • Land Draw Definition,
    • A construction loan backed by the value of the land.
  • Land Lot Definition,
    • A piece of land owned by an individual or entity.
  • Land Suitability Rating System (LSRS)Acronym, Canada,
    • Land Title Definition,
      • The legal document conveying title to a property.
    • Land Titles Assurance Fund (LTAF)Acronym, Ontario, Canada,
      • Land Titles System Definition,
        • This is a system of land registration under which the registrar or master of titles passes on the validity of the instrument, determines its legal effect, and the Government guarantees title.
      • Land Transfer Tax (LTT) Acronym,
        • A provincial tax payable on any property that changes hands. First time buyers may be eligible for a rebate.
      • Land Transfer Tax Act (LTTA)Acronym, Canada,
        • Land Transfer Tax Affidavit (LTTA)Acronym, Canada,
          • Landlord Definition,
            • One who rents or leases his or her property to another person or a business.
          • Lanesborough Real Estate Investment Trust (LREIT) Company, Winnipeg, Manitoba, Canada,
            • Langara Airport (YLA)Acronym, Langara, British Columbia, Canada,
              • Langley Regional Airport (YLY)Acronym, Langley, British Columbia, Canada,
                • Language Instruction for Newcomers to Canada (LINC)Acronym, Canada,
                    Provides free basic French and English language courses to new Canadian permanent residents.
                  • Lansdowne House Airport (YLH)Acronym, Lansdowne House, Ontario, Canada,
                    • Lapse Ratio Definition,
                      • A ratio that compares how many life insurance policies have lapsed from the beginning year to the end.
                    • Lapsed Policy Definition,
                      • A policy that is no long in effect due to missed payments, inaction or its term ending.
                    • Large (lrg)Abbreviation,
                      • Large Corporations Tax (LCT)Acronym,
                        • Large Value Transfer System (LVTS) Acronym,
                          • System being created by the Canadian Payments Association that will settle large value payments, possibly $50,000 and over, at the central bank on a same-day basis.
                        • Large Volume Account List Total (LT)Acronym,
                            Bank account transaction code.
                          • Last In, First Out method (LIFO)Acronym,
                              Term used in inventory valuation.
                            • Lasting Power of Attorney (LPA)Acronym,
                              • Late Charge Definition,
                                • A fee imposed on a borrower for not paying on time
                              • Late Payment Definition,
                                • A sum a borrower sends to a lender that is received past the date when it was due.
                              • Late Payment Charge (LPC)Acronym,
                                • Late Payment Interest (LPI)Acronym,
                                  • Late Payment Offer (LPO)Acronym,
                                    • Late Payment Penalty (LPP)Acronym,
                                      • Late Payment Surcharge (LPSC)Acronym,
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