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 

• LOCAL - Is a floor trader who is a member of an exchange. He trades for his own account as opposed to d...
  
  
• LOCAL AUTHORITY SEARCH - A check carried out by the buyer's solicitor to check that there are no propos...
  
  
• LOCAL AUTHORITY SEARCH FEE - A fee paid by your solicitor to the local council to check on proposed dev...
  
  
• LOCAL CLEARING HOUSE - An organization established by the banks in a local area to facilitate the prese...
  
  
• LOCAL DISTRIBUTION COMPANY (LDC) - Company that distributes natural gas primarily to end-users. A gas u...
  
  
• LOCAL EXPECTATIONS HYPOTHESIS (LEH) - Theory that bonds similar in all aspects except maturity will hav...
  
  
• LOCAL EXPECTATIONS THEORY - A form of the pure expectations theory that suggests that the returns on bo...
  
  
• LOCAL GOVERNMENT INVESTMENT POOLS (LGIPS) - Commingled investment pools. The public sector equivalent o...
  
  
• LOCAL ITEM - a deposited check drawn on another bank in the same area or Fed district
  
  
• LOCAL TAXES - In addition to federal and state taxes, those taxes imposed by local municipalities (such...