What Are Lodging Expenses? Lodging expenses are the costs for an overnight stay, usually in a hotel, that may be taken as a federal income tax deduction if the Internal Revenue Service’s criteria are met. Lodging expenses are usually a business expense that is incurred when someone must travel away from their tax home to
What Are Logistics? Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. Logistics management involves identifying prospective distributors and suppliers and determining their effectiveness and accessibility. Logistics managers are referred to as logisticians. “Logistics” was initially a military-based term used in reference to how military
What Is the Lombard Rate? The Lombard rate is the interest rate charged by central banks when extending short-term loans to commercial banks. Traditionally, it refers to loans that are backed by specific collateral. The term originates from the Lombardy region of Italy, which has a rich history of banking houses dating back to the
What Is the London Business School? The London Business School is the graduate business school of the University of London. Founded in 1964 and located in the Marylebone neighborhood of London, the London Business School is routinely ranked among the top business schools in the world. Key Takeaways London Business School is a world-renowned graduate
What Is the London Metal Exchange (LME)? The London Metal Exchange (LME) is a commodities exchange that deals in metals futures and options. It is the largest exchange for options and futures contracts for base metals, which include aluminum, zinc, lead, copper, and nickel. The exchange also facilitates trading of precious metals like gold and silver.
What Is a Long-Dated Asset? A long-dated asset is a type of income-generating asset, such as residential mortgages and 30-year bonds, where the revenue streams occur until that asset’s maturity date (which is well into the future). Key Takeaways A long-dated asset is a type of income-generating assets—such as residential mortgages and 30-year bonds—where the
What Is Long the Basis? Long the basis is a trading strategy in which an investor who owns or has bought a commodity hedges their investment, or gives themselves a little buffer against potential market fluctuations, by selling futures contracts on that commodity. Taking such action provides a guaranteed price at which they may sell
What Is a Long Put? A long put refers to buying a put option, typically in anticipation of a decline in the underlying asset. The term “long” here has nothing to do with the length of time before expiration but rather refers to the trader’s action of having bought the option with the hope of
What Is a Long-Term Incentive Plan? A long-term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value. In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements. In some forms of LTIPs, recipients receive special capped options in addition
What Is a Limited Liability Company (LLC)? A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. While the limited
