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Leveraged Inverse FRN

An inverse FRN whose coupon moves inversely with respect to interest rates by more than one for one. The note...

LLN

It stands for law of large numbers; a probability principle which states that a simple mean, range, standard deviation, or...

Loss-Triggered Leveraged Super Senior Note

A leveraged super senior note (a synthetic collateralized note) that is associated with a loss trigger. More specifically it involves...

Law of Averages

A probability principle which states that a simple mean, range, standard deviation, or relative frequency calculation will usually be more...

Law of Large Numbers

A probability principle which states that a simple mean, range, standard deviation, or relative frequency calculation will usually be more...

Leveraged Floored Floater

A floored floater in which the minimum coupon that is linked to the underlying floating rate (short-term rate, such as...

Legal Capacity Risk

A subcategory of legal risk that negatively impacts an entity's management or transactions for reasons relating to legal capacity. The...

Liquidity Transformation

A type of risk redistribution (financial transformation) which involves the funding of illiquid assets (long-term loans) with liquid liabilities (short-term...

LTD

An acronym for long-term debt; a company's debt obligations that mature (fall due) after one year or more (or beyond...

LT Debt

A company's debt obligations that mature (fall due) after one year or more (or beyond one business cycle at least)-...