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loss of profits insurance

2018-05-02T05:11:41+00:00

insurance to cover loss of profits incurred by the policyholder in the event of some calamity overtaking the policyholder’s business, so that trading has to cease.

loss of profits insurance 2018-05-02T05:11:41+00:00

loan

2018-05-02T05:10:14+00:00

money lent at interest. A lender makes a "loan" with the idea that it will be paid back as agreed and that interest will be paid for the use of [...]

loan 2018-05-02T05:10:14+00:00

liquidity ratio

2018-05-02T05:09:00+00:00

a comparison of two accounts in a Balance Sheet, current assets divided by current liabilities.

liquidity ratio 2018-05-02T05:09:00+00:00

liquidator

2018-05-02T05:07:16+00:00

a qualified person appointed by a court to close down a business that is a proprietary company and realise and distribute its assets in payment of its liabilities.

liquidator 2018-05-02T05:07:16+00:00

liquidate

2018-05-02T05:05:36+00:00

to settle a debt or to convert to cash. This literally means to do away with.

liquidate 2018-05-02T05:05:36+00:00

limited partnership

2018-05-02T05:04:00+00:00

a legal partnership where some owners are allowed to assume responsibility only up to the amount invested.

limited partnership 2018-05-02T05:04:00+00:00

lessor

2018-05-02T05:02:32+00:00

an owner who allows his/her land, buildings, plant or equipment to be used under a lease contract.

lessor 2018-05-02T05:02:32+00:00

lessee

2018-05-02T05:01:02+00:00

a person who enters into a lease contract as the user of the land, buildings, plant or equipment.

lessee 2018-05-02T05:01:02+00:00

leasing finance

2018-05-01T13:29:59+00:00

a method of acquiring business equipment without capital outlay. the bank or finance company buys the equipment and leases it to the customer, in return for regular rental payments for [...]

leasing finance 2018-05-01T13:29:59+00:00

lease

2018-05-01T13:28:37+00:00

a legal contract covering the possession and use of property, plant or equipment between the owner (lessor) and another person (lessee) at a given rent, for a stated length of [...]

lease 2018-05-01T13:28:37+00:00

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