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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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