Lendable funds
The pool of funds available to borrows; typically categorized by currency and maturity.

Lendable funds | Details |

Ledger cash
A firm's cash balance as reported in its financial statements. Also called book cash.

Ledger cash | Details |

Leasehold
An asset providing the right to use property under a lease agreement.

Leasehold | Details |

Lease acquisition cost
The legal fees and other expenses incurred when acquiring a lease. 

Lease acquisition cost | Details |

Lease
A long-term rental agreement, and a form of secured long-term debt.

Lease | Details |

Leading economic indicators
Economic series that tend to rise or fall in advance of the rest of the economy.

Leading economic indicators | Details |

Lead manager
The commercial or investment bank with the primary responsibility for organizing syndicated bank credit or bond issued. The lead manager recruits additional lending or underwriting banks, negotiates terms of the issue with the issuer, and assesses market conditions.

Lead manager | Details |

Loan-to-value ratio (LTV)
The ratio of money borrowed on a property to the property's fair market value.

Loan-to-value ratio (LTV) | Details |

Loan value
The maximum percentage of the value of securities that a broker can lend to a margin account customer, as dictated by the Federal Reserve Board in Regulation T.

Loan value | Details |

Loan commitment
Assurance by a lender to make money available to a borrower on specific terms in return for a fee.

Loan commitment | Details |

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