What Is the Lightning Network? Initially, Bitcoin was not designed to be scalable. It was intended to be a decentralized payment system where the users could remain anonymous and access it from anywhere. However, its popularity was one of its downfalls—transactions became much slower and more costly than intended. Thus, developers created cryptocurrency layers, where
What Is the Lilly Ledbetter Fair Pay Act? The Lilly Ledbetter Fair Pay Act of 2009 is a law enacted by Congress that bolstered worker protections against pay discrimination. The act allows individuals who face pay discrimination to seek rectification under federal anti-discrimination laws. The law clarifies that discrimination based on age, religion, national origin, race
What Is the London Interbank Mean Rate (LIMEAN)? The London Interbank Mean Rate (LIMEAN) is the midmarket rate in the London interbank market, which is calculated by averaging the offer rate (LIBOR) and the bid rate (LIBID). The LIBOR is the rate at which funds are sold in the market, while the LIBID is the
What Is Limit Down? Limit down is a decline in the price of a futures contract or a stock large enough to trigger trading restrictions under exchange rules. Limits on the speed of market price movements, up or down, aim to dampen unusual volatility and to give traders time to react to market-moving news, if
What Is a Limited Company (LC)? A limited company (LC) is a general form of incorporation that limits the amount of liability undertaken by the company’s shareholders. It refers to a legal structure that ensures that the liability of company members or subscribers is limited to their stake in the company by way of investments or
What Is a Limited Government? A limited government is one where legalized force is restricted through delegated and enumerated authorities. Countries with limited governments have fewer laws about what individuals and businesses can and cannot do. In many countries, a written constitution is used to spell out the powers and limitations of government power. The
What Is Limited Liability? Limited liability is a type of legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership or limited liability company (LLC). In other words, investors’ and owners’ private assets are not at risk if the company fails. In Germany, it’s known as Gesellschaft
What Is a Limited Partner? A limited partner invests money in exchange for shares in a partnership but has restricted voting power on company business and no day-to-day involvement in the business. A limited partner’s liability for the firm’s debts cannot exceed the amount that they invested in the company. Limited partners are often called
What Is London Interbank Offered Rate (LIBOR)? The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. LIBOR, which stands for London Interbank Offered Rate, serves as a globally accepted key benchmark interest rate that indicates borrowing costs between
What Is the LIBOR Curve? The LIBOR curve is the graphical representation of the interest rate term structure of various maturities of the London Interbank Offered Rate, commonly known as LIBOR. LIBOR is a short-term floating rate at which large banks with high credit ratings lend to each other. The LIBOR curve depicts the yield
