Terms beginning with 'L'
The retirement of a member with immediate retirement benefit after the normal retirement date. Late retirement can occur no later than 5 years after normal retirement date.
Using borrowed funds to increase potential return. Leverage can increase both the risk and expected return.
A order to buy or sell at a pre-specified price.
Line of Credit
Prearranged agreement from a lender to supply up to a maximum loan at prescribed terms.
The process of selling all of a firm’s or individual’s assets and distributing the proceeds first to creditors and then any residual to shareholders.
The ease that an investment can be converted to cash.
Stocks approved for trading on a stock exchange.
The act of obtaining the right to trade on a stock exchange.
The sales charge on a mutual fund.
Liabilities that are not due in the next year or next operating period.