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Category: L

Lien Sale

Definition A lien sale is a public auction process recovered by a property owner or municipality to recover unpaid taxes or other charges from a

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Lien

Definition A lien is a legal claim or right against a property used as collateral to secure the repayment of a debt. If the debt

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Life Cycle

Definition In finance, the term “Life Cycle” generally refers to the stages of growth and development that a particular business or product undergoes from its

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Lien Waiver

Definition A lien waiver refers to a legal document issued by a contractor, subcontractor, or supplier, typically in the construction industry, affirming they have received

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Life-Cycle Hypothesis (LCH)

Definition The Life-Cycle Hypothesis (LCH) is an economic theory that proposes individuals plan their consumption and savings behavior over their lifetime. According to this hypothesis,

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Life Expectancy

Definition In financial terms, life expectancy refers to the estimated average number of years a person is expected to live based on their age, gender,

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Life Annuity

Definition A life annuity is a financial product that guarantees the holder a set income for the rest of their life in exchange for a

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Life-Cycle Fund

Definition A Life-Cycle Fund, also known as a target-date fund, is a type of investment fund designed to automatically reduce risk exposure as the investor

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Licensing Fee

Definition A licensing fee is a charge paid by individuals or businesses to a government or organization for the privilege to carry out a certain

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Life Estate

Definition A Life Estate is a legal concept in property law, often related to wills and estate planning, where an individual is granted rights to

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