Glossary of Financial Terms: L
Description
This article is from the Glossary of Financial Terms.
Glossary of Financial Terms: L
- Last split
After a stock split, the number of shares distributed for each share held and the date of the distribution. - Limit order
An order to buy a stock at or below a specified price or to sell a stock at or above a specified price. For instance, you could tell a broker "Buy me 100 shares of xyz Corp at $8 or less" or to "sell 100 shares of xyz at $10 or better." - Load fund
A mutual fund with shares sold at a price including a sales charge--typically 4 % to 8% of the net amount indicated. Some "no-load" funds have distribution fees permitted by article 12b1 of the Investment Company Act; these are typically 0.25%. A "true no-load" fund has neither a sales charge not 12b1 fee. A load implies that the fund purchaser receives some investment advice or other service worthy of the charge. - Long position
Occurs when an individual owns securities. An owner of 1000 shares of stock is said to be "Long the Stock." - Long position (options)
An options position where a person has executed one or more options trades where the net result is that they are an "owner" or holder of options (i.e. the number of contracts bought exceeds the number of contracts sold). - Long term assets
Value of property, equipment and other capital assets minus the depreciation. This is an entry in the bookkeeping records of a company, usually on a "cost" basis and thus does not necessarily reflect the market value of the assets. - Long term debt
Value of obligations of over 1 year that require that interest be paid. - Long term debt/capitalization
Indicator of financial leverage. Shows long term debt as a proportion of the capital available. Determined by dividing long term debt by the sum of long term debt, preferred stock and common stockholders' equity. - Long term liabilities
Amount owed for leases, bond repayment and other items due after 1 year. - Low price
The lowest (intraday) price of a stock over a certain period of time.
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