Monday, March 15, 2010 Register ∴ Login 
FinancialExams.com
  Search Site
Home Home
0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Records Per Page:

L
Fifth letter of a Nasdaq stock symbol specifying that the issue is a class of stock such as third preferred_stock class of warrants, foreign preferred, sixth class of preferred stock, or preferred when issued stock.
LA
The ISO 3166 country code for LAO PEOPLE'S DEMOCRATIC REPUBLIC.
Ladder strategy
A bond portfolio construction strategy that fully_invested approximately equal amounts in every maturity within a given range.
Lady Macbeth Strategy
Strategy in which a third party poses as a white knight in a takeover bid, and then joins forces with an unfriendly bidder.
Laffer curve
A curve conjecturing that economic output will increase if marginal tax rates are cut. Named after economist Arthur Laffer.
Lag
Payment of a financial obligation later than is expected or required, as in lead and lag. Also, the number of periods that an dependent variable in a regression model is "held back" in order to predict the dependent variable.
Lag response of prepayments
A delay of typically about three months between the time the weighted_average_coupon of an MBS pool crosses the threshold for refinancing and observation of an acceleration in prepayment speed is observed.
Lagging
Strategy used by a firm to stall payments, normally in response to exchange rate projections.
Lagging indicators
Economic indicators that follow rather than precede the country's overall pace of economic activity. See also: Leading indicators and coincident indicators.
Lagging indicators
Economic indicators that follow rather than precede the country's overall pace of economic activity. See also: Leading indicators and coincident indicators.
Laisse-faire
Doctrine that a government should not interfere with business and economic affairs.
LAK
The ISO 4217 currency code for Laos New Kip.
Lambda
The ratio of a change in the option price to a small change in the option volatility. It is the partial derivative of the option price with respect to the option volatility.
Land contract
A method of real estate financing ; a mortgage-holding seller finances a buyer by taking a down payment and subsequent payments in installments, but holds the title until the mortgage is fully repaid.
Landlord
A property owner who rents property to a tenant.
Lapsed option
An option that no longer has any value because it has reached its expiration date without being exercised.
Large-cap
A stock with a high level of capitalization, usually at least $5 billion market value.
Last in, first out (LIFO)
An accounting method that fixes the cost of goods sold to the most recent purchases. Hence, if prices are generally rising, LIFO will lead to lower accounting profitability.
Last sale
The most recent trade performed in a security.
Last split
After a stock split, the number of shares distributed for each share held and the date of the distribution.
Last trading day
The final day under an exchange's rules during which trading may take place in a particular futures or options contract. Contracts outstanding at the end of the last trading day must be settled by delivery of underlying physical_commodity or financial instruments, or by agreement for monetary settlement, depending futures contract specifications.
Late charge
A fee a credit grantor charges a borrower for a late payment.
Late tape
A delay in the display of price changes on the tape of an exchange because of heavy trading. In severe instances the first digit of each price is intentionally deleted.
Late trading
Late trading of mutual fund shares occurs when investors placing trades after 4 PM receive the 4 PM price. These late traders can use the information revealed after 4 PM to guide their trades: buying funds when their current value is greater than their 4 PM value and selling the funds when the reverse is true. Doing so allows them to earn expected abnormal returns at the expense of the fund's long-term shareholders.
Latent default
A potential default that may have always been present but unidentified.
Page 1 of 13First   Previous   [1]  2  3  4  5  6  7  8  9  10  Next   Last   

ExamSaver Exam Saver CFA,Chartered Financial Analyst CFA Exam CFA Exams Online Exam CFA level 1 CFA Institute 

Tour ∴ Dr Harvey ∴ 2005 White Paper ∴ 2006 White Paper ∴ Guarantee ∴ Downloads
  Copyright © 1998 - 2008 by FinancialExams™ USA, All Rights Reserved
  		   Privacy Statement  Terms Of Use  
CFA Institute does not endorse or warrant the accuracy or quality of the products or services offered by FinancialExams.com™. CFA Institute®, CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.