What is 'Late Majority' The last sizable segment of a population to adopt an innovative technology. The late majority accounts for roughly 34% of the population, and will adopt a new product only after seeing that the...
What is 'Land Value' Land value is the value of a piece of property, including both the value of the land itself as well as any improvements that have been made to it. Land values increase when...
LIBOR stands for the London InterBank Offered Rate. It is also termed as ICE LIBOR these days because the Inter Continental Exchange or ICE governs this rate. It describes the average rate of interest, estimated by banks in London...
DefinitionLayaway is an agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay for that item. Layaway What does 'Layaway' mean Layaway is a purchasing method...
What does 'Last Twelve Months - LTM' mean
The term "last twelve months" (LTM), which is sometimes known as "trailing twelve months" (TTM), refers to the time period of the immediately previous 12 months in relation to a financial indicator...
What is Last In, First Out (LIFO)?
LIFO is an inventory accounting method in which the most recently acquired items are the first ones to be sold. This approach is used to match current revenue with current expenses, and it...
What is 'Lattice-Based Model' An option pricing model that involves the construction of a binomial tree to show the different paths that the underlying asset may take over the option's life. A lattice model can take into...
What is Lead Bank and how does it work
A lead bank is a financial institution that acts as the coordinator for a syndicated loan. The lead bank is responsible for assembling the syndicate, negotiating terms with the borrower, and...
DefinitionThe law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price...
What is 'Law Of 29' A belief held by some marketers that on average a prospective customer will not purchase a good or service until they have been exposed to a marketing message 29 times. While the...