Business and Personal Finance Dictionary

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• LEDGER CASH - A firm's cash balance as reported in its financial statements. Also called book cash.
  
  
• LEDGER CUTOFF TIME - the time after which balances are credited the following business day
  
  
• LEDGERING - A type of secured, working capital lending. See dominion of funds.
  
  
• LEFTOVER EQUITY - the sale price of the home minus the total amount owed on it and the cost of selling ...
  
  
• LEG - A prolonged trend in stock market prices, such as a multiple-period bull market; or, an option th...
  
  
• LEG OUT - In rolling forward in futures, a method that would result in liquidating a position.
  
  
• LEG UP - Used in the context of general equities. (1)Have a portion of the offsetting side of a trade i...
  
  
• LEGACY - A disposition of money or personal property by will.
  
  
• LEGACY BUSINESS - a traditional, non-Internet business unit
  
  
• LEGAL - A computerized database maintained by the NYSE to keep track of enforcement actions, audits, an...