OTHER TERMS BEGINNING WITH "L"

• Letter of Comfort or Financial Capability Certification Program

  This program provides ECapital's clients with a contingent financing commitment so that they can demonstrate to government contracting officers and large US corporations that they possess the financial wherewithal to execute on contract awards. This results in ECapital's clients being…

• Letter of Credit (L/C)

  A Letter of Credit (L/C) is payment arrangement used typically in International Trade. The issuing bank guarantees that an exporter will receive payment in full as long as certain delivery conditions have been met. In a Standby Letter of Credit,…

• Leveraged Buyout

  A Leveraged Buyout or LBO for short is when a company is purchased by typically a private equity firm using the purchased company's assets and cash flow to acquire a loan to buy the company. Many times the buyer will…

• Line Credit Account

  A line of credit is a revolving loan account which allows you to draw money when you need it from a bank or asset-based lender. Interest charges only occur once you borrow money but other fees many times are charged…

• Line of Credit (LOC)

  A Line of Credit (LOC) is a credit facility provided to the government, business or individual by a financial institution or another commercial funder. The borrowing can typically draw down on the account at any time, with a maximum limit…

• Lock Box Payment Services

  Lock Box Payment is a service provided by banks and finance companies to clients for the receipt of payment from customers (Account Debtors). Under the service, the payments made by customers are directed to a special post office box, rather…

• Long-Term Debt (LTD)

  Long-Term Debt (LTD) are loans or other financial obligations that are being paid down over the span over more than one year. You will find long-term debt in the long term section of the Liabilities on a Balance Sheet.