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 

• LIFE CAP - For an adjustable-rate mortgage (ARM), a limit on the amount that the interest rate can incr...
  
  
• LIFE CYCLE - The lifetime of a product or business, from its creation to its demise or transformation.
  
  
• LIFE CYCLE COSTING - In property management, comparing one type of equipment to another based on both p...
  
  
• LIFE ESTATE - Any estate in real or personal property that is limited in duration to the life of its ow...
  
  
• LIFE ESTATE DEED - A document used to convey title in real estate from one party to another but only up...
  
  
• LIFE EXPECTANCY - Your life expectancy is the age to which you can expect to live. The IRS provides act...
  
  
• LIFE INSURANCE - An insurance policy that pays a monetary benefit to the insured person's survivors aft...
  
  
• LIFE INSURANCE COMPANY - a type of financial intermediary that shares the financial risk of untimely de...
  
  
• LIFE INSURANCE IN FORCE - The dollar amount of life insurance that a company has issued, measured as th...
  
  
• LIFE INSURANCE POLICY - The contract that sets out the terms of life insurance coverage.