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 Glossary:

L


LBO - leveraged buy out
Legal list
Legal opinion
Letter of credit
Letter of intent
Letter of notification
Letter of testamentary
Letter of transmittal
Level 1
Level 2
Level 3
Level debt service
LIFO
Limit order
Limited partnership
Limited tax bond
Liquidation rights
Liquidity
Loan consent
Loan value
Locked in
Long coupon
Long straddle



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