Legal Tender

Legal tender is any medium of payment — coins, banknotes or other instruments — that a government recognizes by law as valid for settling…

Legal Rate Of Interest

Key takeaways – The legal rate of interest is the maximum interest rate a lender may lawfully charge on a debt in a given…

Legal Lending Limit

The legal lending limit is the statutory cap on how much a single bank may lend to one borrower (including related borrowers). For national…

Leg

Summary A leg is one component of a multi‑part trade — typically one option or futures contract within a larger, multi‑contract strategy. Multi‑leg trades…

Ledger Balance

A ledger balance is the official total of funds in a bank account after a financial institution has posted all completed transactions for that…

Least Squares Criterion

The least squares criterion is a mathematical rule for choosing the “best” curve (most commonly a straight line) to represent a set of observed…

Least Squares Method

Key takeaways – The least squares method (ordinary least squares, OLS) finds the “line of best fit” by minimizing the sum of squared vertical…

Least Preferred Coworker Scale

Key takeaways – The Least-Preferred Coworker (LPC) Scale was developed by Fred Fiedler as part of his contingency theory of leadership. It is intended…

Leaseback

A leaseback (or sale-leaseback) is a transaction in which an owner sells an asset—commonly real estate, aircraft, heavy equipment or other high-value fixed assets—to…

Lease

A lease is a legally binding contract in which the owner of property (the lessor or landlord) grants another party (the lessee or tenant)…