Leeds School of Business: An Overview Leeds School of Business is located at the University of Colorado in Boulder, Colorado. It offers both undergraduate and graduate courses and awards degrees including a Master of Business Administration (MBA) degree program and a Ph.D. program. Leeds regularly ranks among the top 100 b-schools in the U.S. It
What Is a Legacy Asset? A legacy asset is an asset that has remained on a company’s balance sheet for a long period of time and has since become obsolete or has lost nearly all of its initial value. In fact, legacy assets run the risk of becoming a liability for the company holding them
What Is a Legacy Hedge? A legacy hedge is a long-term hedge position, often a futures contract, that a company has held for an extended period of time. Commodity companies often hold legacy hedges on their reserves to protect against adverse movements in the price of the commodities that they produce or consume. A legacy
What Is Legacy Planning? Legacy planning is a financial strategy that prepares people to bequeath their assets to a loved one or next of kin after death. These affairs are usually planned and organized by a financial advisor. Key Takeaways Legacy planning is a financial strategy used to create a plan for your estate after
What Is the Legal Lending Limit? The legal lending limit is the maximum dollar amount that a single bank can lend to a given borrower. This limit is expressed as a percentage of an institution’s capital and surplus. The limits are regulated by the Office of the Comptroller of the Currency (OCC). Key Takeaways A
What Is a Legal List? A legal list is a selection of eligible companies and investments, determined by local state governments, for institutions such as insurance companies and pension plans. Legal lists are also known as approved lists. How a Legal List Works Legal lists are generally low-risk, low-volatility investments that ensure the well-being of
What Is the Legal Rate of Interest? The legal rate of interest is the highest rate of interest that can be legally charged on any type of debt, and to which a lender must adhere. The legal rate of interest applies to all types of debt, although certain types of debt may carry a higher
What Is a Late Fee? The term late fee refers to a charge consumers pay when they fail to make a payment on a debt such as a loan or a credit card, or any other type of financial agreement such as an insurance or rental contract by the due date. When a borrower misses
What Is the Law of Diminishing Marginal Productivity? The law of diminishing marginal productivity is an economic principle usually considered by managers in productivity management. Generally, it states that advantages gained from slight improvement on the input side of the production equation will only advance marginally per unit and may level off or even decrease after a
What Is Lawful Money? Lawful money is any form of currency issued by the United States Treasury and not the Federal Reserve System. It includes gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, in which the government assigns value although it has no intrinsic value of
