Managed Fund
A managed fund pools investor money to be professionally managed by a fund manager. It offers diversification across various assets like stocks, bonds, and property, aiming for specific investment objectives.
Macroeconomics
Macroeconomics is the branch of economics that studies the behavior of aggregates, such as national income, unemployment, and inflation. It analyzes the economy as a whole.
London Stock Exchange
The London Stock Exchange (LSE) is a global financial market where shares of publicly listed companies are traded. It plays a vital role in the UK and international economy, facilitating…
Loan-to-Value Ratio (LTV)
The loan-to-value (LTV) ratio compares a loan amount to the appraised value of an asset, typically real estate. Lenders use it to assess risk. A higher LTV means higher risk…
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.