Terms Starting with L

  • Level Payment Definition,
    • A method of repayment where periodical payments of principal and interest are made in a certain way so the payment amount remains constant.
  • Level Term Income for Disability (LTID)Acronym,
    • Level-Premium Insurance Definition,
      • Insurance where the premiums the policyholder pays are guaranteed to remain the same for an agreed upon period of time.
    • Leverage Definition,
      • The use of a small amount of cash and a large loan to buy something.
    • Leverage Transaction Merchant (LTM)Acronym,
      • Leveraged Buy-Out (LBO)Acronym,
        • Leveraged Derivatives Transaction (LDT)Acronym,
          • Leveraged Management Buy-Out (LMBO)Acronym,
            • Leveraged Property Definition,
              • A property financed with mortgage debt.
            • Levy Definition,
              • A cost imposed on an individual or entity.
            • Liabilities Definition,
              • A borrower's debts and legal obligations.
            • Liability Definition,
              • A situation where one party is found to be legally responsible for something.
            • Liability Adequacy Test (LAT)Acronym,
              • Liability Adjustment Factor (LAF)Acronym,
                • Liability Insurance Definition,
                  • Insurance that provides coverage for damages caused by an individual or entity's negligence or legal responsibilities.
                • Liability Insurance Supplement (LIS)Acronym,
                  • Libro Credit UnionCompany, Ontario, Canada,
                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                    • Licensed Real Estate Agent (LREA)Acronym,
                      • Lien Definition,
                        • A legal hold or claim of a creditor on the property of another.
                      • Lien Holdback Definition,
                        • The practice of mortgagees withholding up to 15% of mortgage monies advanced on new construction.
                      • Lien Waiver Definition,
                        • A document in legal form signed by persons or firms which have lien rights, waiving those rights.
                      • Life & Health (L&H)Acronym,
                        • Life Annuity Definition,
                          • An annuity that will continue to make payments until the death of the annuitant.
                        • Life Cycle Hypothesis (LCH)Acronym,
                          • Life Expectancy Method Definition,
                            • A method of calculating the appropriate size of payments in an annuity's income phase by estimating the annuitant's life expectancy.
                          • Life Income Fund (LIF)Acronym, Canada, Very Important,
                            • Life Insurance Definition, Very Important,
                              • An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
                              CanEquity offers life insurance.
                            • Life Insurance Institute of Canada (LIIC)Company, Canada,
                                See Insurance Institute of Canada (IIC).
                              • Life Insurance Policy (LIP)Acronym,
                                • Life Insurance Trust (LIT) Acronym,
                                  • A legal entity that is made the beneficiary of a life insurance policy, often arranged to evade taxation.
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