Economics & Finance | Françoise Clementi

life annuity

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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

life annuity insurance

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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)

life insurance

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A contract between an insured (insurance policy holder) and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of

life tenant

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One who has all rights associated with ownership of real property, except the right to sell the property, until his/her (or someone else’s) death. (source:

lend at usury

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To lend money at excessive interest rates.

leonine clause

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A party is excused from sharing liabilities arising out of the agreement as a stated provision in said agreement. (Law Dictionary: http://thelawdictionary.org/leonine-clause/#ixzz2cd7ItujX)

lessor

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An owner of property who rents it to another party. (source: investorwords)

letterhead

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The heading at the top of a sheet of letter paper, usually consisting of a name, an address and a logo.

Use borrowed capital for (an investment), expecting the profits made to be greater than the interest payable. Use (something) to maximum advantage. (source: http://oxforddictionaries.com/es/definicion/ingles/leverage)