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Linker

A bond that is adjusted with inflation. A linker is designed as a hedging tool for holders (investors) against inflation....

Low-Grade Bond

A bond that carries a significant amount of default risk and therefore is granted low or very low ratings by...

Loan Impairment Allowance

An allowance (provision) that is created by a bank or entity for potential impairment losses (that may arise from the...

Leap Day Effect

The financial or economic effect of the leap day in a calendar year. A leap year has 366 days, rather...

Large Cap

A classification of companies that is based on size (capital or market capitalization). Large-caps range from less known picks to...

Large Cap ETF

An exchange-traded fund (ETF) that aims to invest in a market's largest companies (large cap). Large cap companies are subject...

Leveraged Exchange-Traded Fund

An exchange-traded fund (ETF) that uses leverage to generate amplified returns. ETFs represent marketable securities that are accompanied with financial...

Leveraged ETF

An exchange-traded fund (ETF) that uses leverage to generate amplified returns. ETFs represent marketable securities that are accompanied with financial...

Leveraged Instrument

A structured financial instrument that is designed to leverage its returns reflected in potential high payoffs from only a small...

Loan Origination

The process that involves pooling of debt (with different risk-reward profiles) into portfolios, before selling them to to issuers. In...