Lloyd’s of London
Lloyd's of London is a unique insurance market, not a company. It's a marketplace where specialist underwriters accept risk on behalf of syndicates, providing cover for unusual and complex risks…
Liquid Asset: Definition, Importance, and Examples
A liquid asset is something easily converted into cash with minimal loss of value. It's crucial for financial stability, enabling quick payments and opportunities. Understanding liquidity is key for personal…
Libor Rate: Understanding the Benchmark Interest Rate
The London Interbank Offered Rate (Libor) was a key benchmark interest rate reflecting the average interest rates at which major global banks lend to one another in the interbank market…
Leveraged Buyout (LBO): A Comprehensive Guide
A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition. The assets of the company being acquired…
Leasehold
Leasehold is a form of property ownership where you buy the right to occupy a property for a fixed period, rather than owning the land it stands on. It's common…
Laissez-faire Economics: An Overview
Laissez-faire is an economic philosophy advocating minimal government intervention. It emphasizes free markets, private property, and individual economic freedom, believing this leads to prosperity.
Keynesian Economics Explained
Keynesian economics, developed by John Maynard Keynes, advocates for government intervention to stabilize economies, particularly during recessions, by managing aggregate demand through fiscal and monetary policies.
Joint Account
A joint account is a bank account held by two or more individuals. All account holders have equal access and responsibility for funds, making it suitable for couples or families…
Irrational Exuberance
A term describing excessive investor optimism and inflated asset prices detached from fundamental value. It signifies a market bubble driven by psychology rather than economics.
The Invisible Hand
The 'invisible hand' is a metaphor for the self-regulating nature of the marketplace. It suggests that individuals pursuing their own self-interest can unintentionally benefit society as a whole.