Business and Personal Finance Dictionary

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• LIFETIME LEARNING CREDIT - A tax break for a portion of qualified higher education costs. It is not lim...
  
  
• LIFETIME PAYMENT CAP - For an adjustable-rate mortgage (ARM), a limit on the amount that payments can i...
  
  
• LIFETIME RATE CAP - For an adjustable rate mortgage (ARM), a limit on the amount that the interest rate...
  
  
• LIFETIME REVERSE MORTGAGE - A type of mortgage in which a homeowner borrows against the value a home, w...
  
  
• LIFFE - Is the London International Financial Futures and Options Exchange.
  
  
• LIFO - an acronym for last in first out. As applied to the thrift industry, it is an accounting method ...
  
  
• LIFO LIQUIDATION - a reduction in the reported value of inventory below levels established in prior yea...
  
  
• LIFO RESERVE - The amount by which the book value of inventory is lower than it would be if first in, f...
  
  
• LIFO(LAST-IN, FIRST-OUT) - an inventory cost flow whereby the last goods purchased are assumed to be th...
  
  
• LIFT - An increase in securities prices, as shown by some economic indicator.