Glossary
Letter of Credit (LC)
A letter issued by a bank to another bank to serve as a guarantee for payments made to a specified person under specified conditions
Leveraged Buyout (LBO)
The acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition
Liquidity Ratio
A class of financial metrics used to determine a company's ability to pay off its short-terms debts obligations
Long-Term Debt
Loans and financial obligations lasting over one year