Category: L

Definition Level 1 in finance refers to the highest tier of liquid assets as defined by Basel III regulations for banks. These are assets that

Definition A lessor is a person or entity that leases or rents an asset to another party, known as the lessee. Lessors can be categorized

Definition A Letter of Credit is a financial document issued by a bank, or other financial institution, ensuring payment to a seller on behalf of

Definition A Letter of Indemnity is a legal document issued by a party promising to compensate the other party for any loss or damage incurred

Definition A Letter of Intent (LOI) in finance refers to a document declaring the preliminary commitment of one party to do business with another. This

Definition A Letter of Guarantee is a type of contract issued by a bank on behalf of a customer who has entered an agreement to

Definition Less-Developed Countries (LDC) is a financial term referring to countries with lower living standards, underdeveloped industrial bases, and lower Human Development Index (HDI) relative

Definition Leptokurtic distributions are statistical distributions that exhibit leptokurtosis, characterized by heavy tails or outliers. Compared to a normal distribution, these distributions have a higher

Definition A Letter of Comfort, also known as a letter of intent, is a document from a parent company acknowledging its support for a subsidiary’s

Definition A lessee, in financial terms, is an individual or entity who has obtained the right to use and occupy a property through a lease