Business and Personal Finance Dictionary

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• LAFFER CURVE - A curve conjecturing that economic output will increase if marginal tax rates are cut. N...
  
  
• LAG - Payment of a financial obligation later than is expected or required, as in lead and lag. Also, t...
  
  
• LAG RESPONSE OF PREPAYMENTS - A delay of typically about three months between the time the weighted-ave...
  
  
• LAG TIME - the period of time between two closely related events, phenomena, etc., as between stimulus ...
  
  
• LAGGING - Strategy used by a firm to stall payments, normally in response to exchange rate projections.
  
  
• LAGGING INDICATORS - Economic variables that tend to follow movements in the economy as a whole; for ex...
  
  
• LAISSE-FAIRE - Doctrine that a government should not interfere with business and economic affairs.
  
  
• LAISSEZ-FAIRE - the theory that government should have as little influence as possible in the nation's ...
  
  
• LAMBDA - The ratio of a change in the option price to a small change in the option volatility. It is th...
  
  
• LAND - The earth's surface, extending downward to the center of the earth and upward infinitely into sp...