Business and Personal Finance Dictionary

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• LIMITATION ON SUBSIDIARY BORROWING - A bond covenant that restricts in some way a firm's ability to bor...
  
  
• LIMITED AND SPECIAL TAX BONDS - These bonds are payable from a pledge of the proceeds against a specifi...
  
  
• LIMITED APPRAISAL - One of two types of appraisals defined by the Uniform Standards of Professional App...
  
  
• LIMITED COMPANY - A form of business commonly used in the U.K. comparable to incorporation in the U.S.
  
  
• LIMITED DISCRETION - Permission by a client that allows a broker to make certain stock and option trade...
  
  
• LIMITED FLEXIBILITY EXCHANGE RATE SYSTEM - The International Monetary Fund's name for an exchange rate ...
  
  
• LIMITED GUARANTY - A guaranty agreement that includes a statement that limits the guarantor's liability...
  
  
• LIMITED LIABILITY - Responsibility or obligation which is restricted to the limits set out.
  
  
• LIMITED LIABILITY COMPANY - The LLC is not a corporation, but it offers many of the same advantages. Ma...
  
  
• LIMITED LIABILITY COMPANY (LLC) - LLCs are a relatively recent form of business organization. An LLC co...