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 

• LOW-RISE - A building with fewer than four stories above ground level
  
  
• LOW-TICKING - To sell at the bid price.
  
  
• LOW/DOC OR NO/DOC LOAN - Loans that require little or no documentation regarding the borrower's income,...
  
  
• LOWBALL OFFER - A way-below-market bid a buyer makes on a property or item.
  
  
• LOWER OF COST OR MARKET - Valuing ASSETS for financial reporting purposes. Ordinarily, "cost" is the pu...
  
  
• LOWER OF COST OR MARKET (LOCOM) - an accounting method used to establish the dollar amount at which ass...
  
  
• LOYALTY - The duty of loyalty requires the agent to place the principal's interests above those of all ...