Larry Montgomery
Larry Montgomery What is 'Larry Montgomery ' A former CEO and chairman of Kohl's department stores. Montgomery joined Kohl's in 1988 as senior vice president and director of stores. He was appointed to the board of directors in 1994, became CEO in 1999, and became chairman in 2003. Montgomery is known for helping to turn Kohl's...
Laughing Heir
DefinitionIn the law of inheritance, a laughing heir is an heir who is legally entitled to inherit the property of a person who has died, even though that heir is only distantly related to the deceased, and therefore has no personal connection or reason to feel bereaved over the death. Laughing Heir What is 'Laughing Heir' A...
Law Of Demand
DefinitionIn microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases ; conversely, as the price of a good decreases, quantity demanded increases ". In other words, the law of demand describes an inverse relationship between price and quantity demanded of a good. Alternatively, other things...
Landominium
What is 'Landominium' When a person owns a piece of residential property, he or she owns both the house and the land on which the house is constructed. Like a condominium, the property is a part of a larger community where a homeowners' organization is in charge of the landscaping, maintenance, and other services that are supplied. Explaining 'Landominium' Members in landominium...
Larry Ellison
Who is Larry Ellison Larry Ellison is an American businessman, the co-founder of Oracle Corporation, and one of the richest men in the world. Born in New York City in 1944, Ellison grew up in a working-class Jewish neighborhood in the Bronx. His father died when he was nine, and his mother later remarried and moved the family to Chicago....
Laggard
What is 'Laggard' A stock or security that is underperforming. A laggard will have lower-than-average returns compared to the market. A laggard is the opposite of a leader. Explaining 'Laggard' In most cases, a laggard refers to a stock. The term can also, however, describe a company or individual that has been underperforming. It...
Large-Value Stock
Large-value stocks are a type of stock that typically offer investors high dividends and capital appreciation potential. These stocks are often found in the S&P 500 or Russell 1000, and they tend to be more stable than other types of stocks. There are several reasons why you should invest in large-value stocks, including the potential for high returns and...
Lease Payments
What is 'Lease Payments' A line item under long-term debt on a balance sheet that indicates the value of future lease payments due. Lease payments vary widely between companies, and so it is not necessarily good to compare two companies' lease-payment figures, even if they are in the same industry. It is more valuable to...
Lakshmi Mittal
DefinitionLakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world's largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds an 11% stake in Queens Park Rangers F.C. Lakshmi Mittal What is 'Lakshmi Mittal' The chairman and CEO of ArcelorMittal and one of the...
Land Lease Option
When it comes to buying a home, there are many different options available to you. One of those options is the land lease option. This article will explain what a land lease option is, how it works, and the benefits and disadvantages of using this type of agreement when purchasing a home. What is a land lease option A land lease...