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 

• LESSEE - a person, business or other organization that is granted the use and possession of property in...
  
  
• LESSOR - Is the person who leases out a property to another person (lessee). The lessor either owns the...
  
  
• LET - To lease or rent part or all of a property to a third party.
  
  
• LETTER OF ADMINISTRATION - A certificate issued by the Court evidencing the appointment of the Administ...
  
  
• LETTER OF AUTHORIZATION (LOA) - a form that permits a Donor to provide written instructions to transfer...
  
  
• LETTER OF COMMENT - A communication to the firm from the SEC that suggests changes to its registration ...
  
  
• LETTER OF COMMITMENT - A document that advises the borrower that the loan has been approved, spells out...
  
  
• LETTER OF CREDIT - An obligation issued by a bank on behalf of a bank customer to a third party. There ...
  
  
• LETTER OF CREDIT (L/C) - A promise from a third party (usually a bank) for payment in the event that ce...
  
  
• LETTER OF CREDIT (LOC) - a legal document issued by a buyer's bank that upon presentation of required d...