What Is a Lottery Bond? A lottery bond is a government bond most famously issued by the United Kingdom’s National Savings and Investments (NS&I). The bond gives the holder a chance to win a random monthly drawing for a tax-free cash prize. The bonds do not pay interest, but they do encourage saving. However, like
What Is Love Money? Love money refers to seed capital that has been extended by family or friends to an entrepreneur to start a business venture. The decision to lend money and the terms of the agreement are usually based on the relationship between the two parties, instead of a formulaic risk analysis. Key Takeaways Love
What Is a Low Volume Pullback? A low volume pullback is a technical correction toward an area of support that occurs on lower-than-average volume. Since the move occurs on low volume, traders often attribute the pullback to weak longs locking in profits rather than a reversal. Key Takeaways Low volume pullbacks occur when the price
What Is the Lower of Cost or Market Method? The lower of cost or market (LCM) method states that when valuing a company’s inventory, it is recorded on the balance sheet at either the historical cost or the market value. Historical cost refers to the cost at which the inventory was purchased. The value of
What Is Long-Run Average Total Cost (LRATC)? Long-run average total cost (LRATC) is a business metric that represents the average cost per unit of output over the long run, where all inputs are considered to be variable and the scale of production is changeable. The long-run average cost curve shows the lowest total cost to
What Is the Liberian Dollar (LRD)? The term Liberian dollar (LRD) refers to the official currency of the Republic of Liberia. The currency was introduced in 1847 after Liberia became an independent nation. It is printed and its value is maintained by the Central Bank of Liberia, which was established in October 1999. This currency circulates alongside
What Is the London Stock Exchange (LSE)? The London Stock Exchange (LSE) is the primary stock exchange in the United Kingdom and its largest. Originated more than 300 years ago, the regional exchanges were merged in 1973 to form the Stock Exchange of Great Britain and Ireland, later renamed the London Stock Exchange (LSE). The
What Is an L-Shaped Recovery? An L-shaped recovery is a type of recovery characterized by a slow rate of recovery, with persistent unemployment and stagnant economic growth. L-shaped recoveries occur following an economic recession characterized by a more-or-less steep decline in the economy, but without a correspondingly steep recovery. When depicted as a line chart
What Is the Lesotho Loti (LSL)? The Lesotho loti (LSL) is the official currency of the Kingdom of Lesotho. One loti can be subdivided into 100 units known as lisente. LSL coins are issued in denominations of 1, 2, 5, 10, 20 and 50 lisente, and 1, 2 and 5 loti. LSL banknotes are issued
What Is Long-Term Care (LTC) Insurance? Long-term care (LTC) insurance is coverage that provides nursing-home care, home-health care, and personal or adult daycare for individuals age 65 or older or with a chronic or disabling condition that needs constant supervision. LTC insurance offers more flexibility and options than many public assistance programs, such as Medicaid.
