Terms Starting with L

  • Land Draw — Definition,
    • A construction loan backed by the value of the land.
  • Land Lot — Definition,
    • A piece of land owned by an individual or entity.
  • Land Suitability Rating System (LSRS) — Acronym, Canada,
    • Land Title — Definition,
      • The legal document conveying title to a property.
    • Land Titles Assurance Fund (LTAF) — Acronym, Ontario, Canada,
      • Land Titles System — Definition,
        • This is a system of land registration under which the registrar or master of titles passes on the validity of the instrument, determines its legal effect, and the Government guarantees title.
      • Land Transfer Tax (LTT) — Acronym,
        • A provincial tax payable on any property that changes hands. First time buyers may be eligible for a rebate.
      • Land Transfer Tax Act (LTTA) — Acronym, Canada,
        • Land Transfer Tax Affidavit (LTTA) — Acronym, Canada,
          • Landlord — Definition,
            • One who rents or leases his or her property to another person or a business.
          • Lanesborough Real Estate Investment Trust (LREIT) — Company, Winnipeg, Manitoba, Canada,
            • Langara Airport (YLA) — Acronym, Langara, British Columbia, Canada,
              • Langley Regional Airport (YLY) — Acronym, Langley, British Columbia, Canada,
                • Language Instruction for Newcomers to Canada (LINC) — Acronym, Canada,
                    ➥ Provides free basic French and English language courses to new Canadian permanent residents.
                  • Lansdowne House Airport (YLH) — Acronym, Lansdowne House, Ontario, Canada,
                    • Lapse Ratio — Definition,
                      • A ratio that compares how many life insurance policies have lapsed from the beginning year to the end.
                    • Lapsed Policy — Definition,
                      • A policy that is no long in effect due to missed payments, inaction or its term ending.
                    • Large (lrg) — Abbreviation,
                      • Large Corporations Tax (LCT) — 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.
                        • Large Volume Account List Total (LT) — Acronym,
                            ➥ Bank account transaction code.
                          • Last In, First Out method (LIFO) — Acronym,
                              ➥ Term used in inventory valuation.
                            • Lasting Power of Attorney (LPA) — Acronym,
                              • Late Charge — Definition,
                                • A fee imposed on a borrower for not paying on time
                              • Late Payment — Definition,
                                • A sum a borrower sends to a lender that is received past the date when it was due.
                              • Late Payment Charge (LPC) — Acronym,
                                • Late Payment Interest (LPI) — Acronym,
                                  • Late Payment Offer (LPO) — Acronym,
                                    • Late Payment Penalty (LPP) — Acronym,
                                      • Late Payment Surcharge (LPSC) — Acronym,
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