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 

• LOCATION - The most important factor in the value of a property.
  
  
• LOCATION-SPECIFIC ADVANTAGES - Advantages (natural and created) that are available only or primarily in...
  
  
• LOCATIONAL ARBITRAGE - Attempt to exploit discrepancies in exchange rates between banks.
  
  
• LOCK - Used in the context of general equities. Make a market both ways (bid andoffer) either on the bi...
  
  
• LOCK BOX SERVICE - a service performed by a vendor in which customers' incoming payments are picked up ...
  
  
• LOCK COMMITMENT LETTER - A written statement from a lender verifying that the price and other terms of ...
  
  
• LOCK FAILURE - The inability or unwillingness of a lender to honor a mortgage price that a borrower had...
  
  
• LOCK IN - To ensure that an individual transacts all his or her business with a sole broker by providin...
  
  
• LOCK JUMPER - A borrower, usually refinancing rather than purchasing a home, who allows a lock to expir...
  
  
• LOCK NOUN - The period, expressed in days, during which a lender will guarantee a rate. Some lenders wi...