Terms Starting with L

  • Leveraged Management Buy-Out (LMBO)Acronym,
    • Large Value Transfer System (LVTS) Acronym,
      • System being created by the Canadian Payments Association that will settle large value payments, possibly $50,000 and over, at the central bank on a same-day basis.
    • Life License Qualification Program (LLQP)Acronym, Canada,
        Prerequisite for provincial insurance regulator's licensing exam.
      • Lender Definition,
        • The bank or mortgage company offering the loan.
      • Level Cost of Insurance (LCOI)Acronym, Important,
        • Living Donor (LD)Acronym,
          • Lester B. Pearson International Airport (YYZ)Acronym, Toronto, Ontario, Canada,
            • Loan Shark Definition,
              • A lender that provides loans at usuriously high interest rates, often ensuring repayment with the threat of force.
            • Lot Size (LSZ)Acronym,
                Usually in square feet.
              • Loan Loss Reserve (LLR)Acronym, Canada,
                • Loan Application Definition,
                  • A document in which a prospective borrower details his or her financial situation to qualify for a loan.
                • Loan Origination Interface (LOI)Acronym,
                  • Late Payment Definition,
                    • A sum a borrower sends to a lender that is received past the date when it was due.
                  • Living Level (lvl)Abbreviation,
                    • Letter of Credit (L/C) Acronym,
                      • A letter authorizing a person or company to draw on a bank or stating that the bank will honour the credit up to the stated amount.
                    • Limits (Lmts)Abbreviation, Canada,
                        Canada Post street abbrevation.
                      • Lessor Definition,
                        • The person who grants a lease.
                      • Lease Extension Definition,
                        • The continuation of an existing lease, at the original monthly payment, usually on a month-by-month basis.
                      • Lease Option Definition,
                        • A written agreement in which an owner allows an individual to use a property in exchange for rent, and also gives that individual the right to buy the property for a specified price within a specified period
                      • Limited Liability Company (LLC)Acronym,
                        • Loss Reserve Definition,
                          • A reserve of money and liquid assets set aside by an insurer for the payment of claims that have been submitted but have yet to be paid out.
                        • Living Quarters Allowance (LQA)Acronym,
                          • Longer Term Investment Return (LTIR)Acronym,
                            • Legal Description (lgdc) Abbreviation,
                              • A way of identifying a piece of property in writing that is acceptable to a court.
                            • Lost Policy Release (LPR)Acronym,
                              • LPQ Amount Definition,
                                • A term used by CanEquity which is short for Loan, Purchase or Qualification amount.
                              • Low-Location Exit Path Marking (LLEPM)Acronym,
                                • Liquefied Natural Gas (LNG)Acronym,
                                  • Lapsed Policy Definition,
                                    • A policy that is no long in effect due to missed payments, inaction or its term ending.
                                  • Loan to Value Ratio (LVR)Acronym, Important,
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