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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

 

Last Will
Literally, the will last executed by an individual, which revokes any former existing wills.

 

Liquidity
The flexibility of being able to obtain the cash value of investments without incurring significant loss.

 

Living Trust
A trust that takes effect while the settlor is still alive.

 

Living Will
A legal document in which an individual states, in advance of final illness or injury, his or her wishes regarding procedures and equipment designed to extend life.

 

Load
A sales charge associated with buying shares in some mutual funds. (See No-Load Fund.)

 

Loan-To-Value Ratio
The relationship between the amount of a home loan and the total value of the property. For example, if you receive a loan of $95,000 on a home that costs $100,000, the loan-to-value ratio is 95 percent.

 

Lock-In-Rate
A commitment from a lender to make a loan at a preset interest rate at some future date, usually for not more than 60 days. A fee may be charged to "lock-in" a rate. 

 
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© 2008. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed.

Not FDIC insured | May lose value | No bank guarantee

An investment in Northern Funds is not insured by the FDIC, and is not a deposit or obligation of, or guaranteed by The Northern Trust Company or any affiliate. An investment in Northern Funds involves risks, including possible loss of principal.

Shares of Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust. Northern Funds are managed by Northern Trust.

Shares of the Northern Funds are offered only by a current Prospectus and are intended solely for persons to whom shares of US registered funds may be sold. This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Northern Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.