Business and Personal Finance Dictionary

# 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 

• LIFECYCLE - The various developmental stages of a property
  
  
• LIFELINE ACCOUNT - A no-frills account for low-income customers, which is mandated by law in some state...
  
  
• LIFETIME CAP - The upper limit for increases in the interest rate on a floating-rate or adjustable-rate...
  
  
• LIFETIME LEARNING CREDIT - A tax break for a portion of qualified higher education costs. It is not lim...
  
  
• LIFETIME PAYMENT CAP - For an adjustable-rate mortgage (ARM), a limit on the amount that payments can i...
  
  
• LIFETIME RATE CAP - For an adjustable rate mortgage (ARM), a limit on the amount that the interest rate...
  
  
• LIFETIME REVERSE MORTGAGE - A type of mortgage in which a homeowner borrows against the value a home, w...
  
  
• LIFFE - Is the London International Financial Futures and Options Exchange.
  
  
• LIFO - an acronym for last in first out. As applied to the thrift industry, it is an accounting method ...
  
  
• LIFO LIQUIDATION - a reduction in the reported value of inventory below levels established in prior yea...