Tooltip Categories: Economics & Finance

lifelong

Lasting for or as if for a lifetime. (source: http://www.wordreference.com/definition/lifelong)

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lifestyle

A set of attitudes, habits, or possessions associated with a particular person or group.(source: http://www.wordreference.com/definition/LIFESTYLE)

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lifetime annuities

Series of payments at fixed intervals, guaranteed for the lifetime of one or more individuals. (source: http://www.businessdictionary.com/definition/annuity.html#ixzz2SnshxPrf)

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limited liability company [LLC]

A flexible form of enterprise that blends elements of partnership and corporate structures; a legal form of company that provides limited liability to its owners.

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limited partnership

A type of unincorporated business organization in which the individuals called limited partners may invest but not be directly involved in management and are liable

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line of credit [LOC]

An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower

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license

A permit from an authority to own or use something, do a particular thing, or carry on a trade. (source: http://oxforddictionaries.com/definition/english/licence)

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life annuity

A fixed sum payable at specified intervals, esp annually, over a period, such as the recipient’s life, or in perpetuity, in return for a premium

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life annuity insurance

An insurance product that features a predetermined periodic payout amount until the death of the annuitant. (source: http://www.investopedia.com/terms/l/lifeannuity.asp)

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