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Banking

LOLR

It stands for lender of last resort; the institution (usually a central bank or monetary agency) in a financial system...

Lender of Last Resort

The institution (usually a central bank or monetary agency) in a financial system that is sought by a financial institution...

LLR

It stands for loan loss reserve; a type of credit enhancement whereby a reserve (specifically, a cash reserve) is created...

Loan Loss Reserve

A type of credit enhancement whereby a reserve (specifically, a cash reserve) is created by a bank for the purpose...

Liar Loan

A category of loans (as distinct from prime and subprime) which, though characterized by high credit scores, doesn't meet the...

London Interbank Offered Rate

The interest rate at which banks borrow funds from each other, in marketable size, in the London interbank market. This...

LIBOR

It stands for the London Interbank Offered Rate, i.e., the interest rate at which banks borrow funds from each other,...

Lock-In Provision

A mechanism whereby a borrower can guarantee an interest rate on a loan would not move beyond a specific level...

Legal Interest

The interest (interest rate) that represents the highest interest rate that a bank or financial institution can legally charge on...

Leverage Ratio

A ratio that relates a bank's total debt to its equity/ capital or assets. Depending on the denominator, this ratio...