Category: L

Definition Ltd. (Limited) refers to a type of private company where owners are legally responsible for its debts only to the extent of the amount

Definition The Lower of Cost or Market Method is a financial accounting technique used to value inventory. Essentially, it states that businesses should record inventory

Definition Luxury tax is a tax imposed on products and services that are considered non-essential or luxury items, such as expensive cars, jewelry, and private

Definition The term “lucrative” in finance refers to something producing a substantial amount of profit or wealth. It is typically attributed to business ventures, strategies,

Definition The Luhn Algorithm, also known as the mod 10 algorithm, is a simple checksum formula used to validate various identification numbers such as credit

Definition A lump-sum payment is a single large payment made at once, instead of breaking it down into several smaller payments over a period of

Definition A Low/No Documentation Loan is a type of loan that requires little or no verification of income or assets. It allows borrowers to apply

Definition A loyalty program is a marketing strategy designed by businesses to encourage repeat customers by rewarding them for their continued business. These rewards may

Definition A low volume pullback is a financial term that describes a situation where there’s a decrease in the price of a security or index

Definition A luxury item refers to a good or service that is deemed desirable but is expensive or difficult to obtain and goes beyond basic