Last Will And Testament
Definition A will or testament is a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed at death, and names one or more persons, the executor, to manage the estate until its final distribution. For the devolution of property not disposed of by will, see inheritance and intestacy. What is...
Large Cap (Big Cap)
What does 'Large Cap - Big Cap' mean Large cap (sometimes "big cap") refers to a company with a market capitalization value of more than $10 billion. Large cap is a shortened version of the term "large market capitalization." Market capitalization is calculated by multiplying the number of a company's shares outstanding by its stock price per...
Law Of One Price
DefinitionThe law of one price constitutes the basis of the theory of purchasing power parity, an assumption that in some circumstances it would cost exactly the same number of, for example, US dollars to buy euros and then to use the proceeds to buy a market basket of goods as it would cost to use those dollars directly in...
Land Flip
What is 'Land Flip' A fraudulent practice in the real estate business of selling undeveloped land at highly inflated prices. A land flip occurs when a group of dishonest buyers trades the land among its members, increasing the price with each transaction. The group will then finally unload the property onto an unsuspecting outside buyer at a...
Lancaster University Management School (LUMS)
What is Lancaster University Management School (LUMS)? Established in 1965, Lancaster University Management School (LUMS) is a leading business school located in the North West of England. We are part of Lancaster University, a world-class institution with an excellent reputation for teaching and research. LUMS offers an exceptional range of undergraduate, postgraduate and executive education programmes, all of which are...
Landlord
Being a landlord can be a very profitable business venture, but it also comes with a lot of responsibility. In this blog post, we will explore the benefits and drawbacks of being a landlord, as well as some tips on how to be successful in this field. What is a landlord A landlord is an individual who owns property that is...
Lame Duck
What is a lame duck A lame duck, in finance, is a firm or individual that is no longer able to make sound financial decisions. The term is often used in the context of corporate takeovers. A company that is in the process of being taken over is often referred to as a "lame duck" because its management team is...
Large Trader
What is 'Large Trader' An investor or organization with trades that are equal to or in excess of certain amounts as specified by the United States Securities And Exchange Commission (SEC). A large trader is defined by the SEC as "a person whose transactions in NMS securities equal or exceed 2 million shares or $20 million during...
Leads And Lags
DefinitionIn international finance, leads and lags refer to the expediting or delaying, respectively, of settlement of payments or receipts in a foreign exchange transaction because of an expected change in exchange rates. A change in exchange rates can be a cause of loss in international trade, thus the settlement of debts is expedited or delayed in an attempt to...
Laissez Faire
DefinitionLaissez-faire is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies. The phrase laissez-faire is part of a larger French phrase and basically translates to "let do", but in this context usually means to "let go". Laissez Faire What is 'Laissez-Faire' Laissez-faire is an economic...