Lloyds Of London

Lloyd’s of London — commonly shortened to “Lloyd’s” — is a specialist insurance and reinsurance marketplace, not an insurance company. It brings together capital…

Loan Life Coverage Ratio Llcr

The Loan Life Coverage Ratio (LLCR) is a solvency metric used primarily in project finance to assess the capacity of a project’s cash flows…

Limited Liability Company Llc

An LLC (limited liability company) is a U.S. business structure that combines key features of corporations and partnerships/sole proprietorships. Like a corporation, an LLC…

Living Will

A living will (also called an advance directive or medical directive in some states) is a legal document that records the kinds of medical…

Listing Requirements

Listing requirements are the rules and minimum standards set by organized stock exchanges (for example, the New York Stock Exchange and Nasdaq) that a…

Listing Agreement

A listing agreement is a written employment contract in which a property owner (the seller/principal) hires a licensed real estate broker (the agent) to…

Listed Security

A listed security is any financial instrument—most commonly a stock, bond, or exchange-traded derivative—that is admitted for trading on a formal securities exchange (for…

Lisbon Treaty

• The Lisbon Treaty (Treaty of Lisbon) is a 2007 amendment to the EU’s founding treaties that came into force on 1 December 2009.…

Lis Pendens

A lis pendens (Latin: “suit pending”) is a public notice filed in the county land records that warns prospective buyers, lenders, and others that…

Liquidity Event

A liquidity event is any transaction that converts illiquid ownership in a private company into cash or publicly tradable securities. Typical liquidity events include…