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LBO

It stands for leveraged buyout; a transaction that involves the purchase (buyout) of a firm financed with a significant amount...

Leveraged Buyout

A transaction that involves the purchase (buyout) of a firm financed with a significant amount of debt. The buyer uses...

Lock-Up Period

A period of time (usually six months) during which company insiders, including management, are not allowed to sell their shares...

Lockup Period

A period of time (usually six months) during which company insiders, including management, are not allowed to sell their shares...

Low-Hanging Fruit

An easy investment opportunity that a bank attempts to take up before delving into other more demanding opportunities. This involves...

Limit Order

An order that is submitted by a bidder (individual or institutional investor) to an underwriter, in an initial public offering...

League Table

A list of underwriting participations by all banks in the investment banking industry. It provides rankings of investment banks in...

Lock-Up Device

In the context of acquisitions and takeovers, it is an arrangement that is designed to entice or facilitate a control...

LoC

It stands for letter of comfort; a final statement that a certified public accountant (accounting firm) issues to the underwriters,...

Letter of Comfort

A final statement that a certified public accountant (accounting firm) issues to the underwriters, declaring no indication of false or...