Line Chart
A line chart (or line graph) is a visual tool that connects sequential data points with a continuous line to show how a value…
Limited Government
Key takeaways – A limited government is one whose powers are restricted by law or constitution in order to protect individual liberty and prevent…
Lilly Ledbetter Fair Pay Act
The Lilly Ledbetter Fair Pay Act of 2009 is a federal law that strengthens protections against pay discrimination. It clarifies that each discriminatory paycheck…
Lifetime Learning Credit (LLC)
Summary – The Lifetime Learning Credit (LLC) is a nonrefundable federal tax credit that can reduce your tax liability by up to $2,000 per…
Life Insurance
Life insurance is a contract between you and an insurance company in which you (the policyholder) pay regular premiums, and in return the insurer…
Life Expectancy
Key points – Life expectancy is a statistical estimate of how many years, on average, a person of a given age and demographic profile…
life estate
• A life estate gives one person (the life tenant) the right to use and occupy property for the rest of their life; a…
Life Cycles in Business, Products, and Industries
Key takeaways – A life cycle describes the typical progression from creation to decline for a product, a company, an industry, or an economy.…
Licensing Agreement
Key takeaways – A licensing agreement is a written legal contract in which the owner of property (the licensor) grants another party (the licensee)…
LIBOR
• LIBOR (London Interbank Offered Rate) was a widely used benchmark for short‑term unsecured borrowing costs between major banks. From the 1980s it became…