LONG STRADDLE

A call option is a long position taken as an options strategy with a put option. Contrast to short straddle. Also known as bull straddle.

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LONG TERM ASSET

Lifespan of over five years in general makes an asset long-term.

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LONG TERM BOND

15 years or longer maturity period for a Bond makes it long-term. Greater credit and inflation risk go with higher interest rates for such bonds. Also known as long bond.

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LONG TERM CARE (LTC)

Health care professionals administering to people with diseases or disabilities lets this term refer to health or social care.

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LONG TERM CARE FACILITY

Long-term basis for nursing or custodial care occurs at such a facility. Typically, this kind of facility is state-licensed.

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LONDON INTERBANK OFFERED RATE (LIBOR)

The average of rates for which five major London banks will lend $10 million for a period of three or six months. It is the benchmark rate for setting interest rates for adjustable-rate loans and financial instruments. This is the interest rate at which the London banks will offer funds to the interbank market.

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LONDON INTERNATIONAL FINANCIAL FUTURES & OPTIONS EXCHANGE (LIFFE)

In 1982, London International Financial Futures Exchange was established. In 1992 it merged with the London Traded Options Market (LTOM), changed its name, yet retained the same acronym. It is Europe’s leading futures and options trading exchange.

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LONDON METAL EXCHANGE (LME)

Futures exchange for non-ferrous metal and plastics based in London, England. 1571 saw the establishment of the Royal Exchange, London’s first stock exchange, which evolved into the LME.

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LONDON STOCK EXCHANGE (LSE)

located in London, England, this is an international stock exchange with a regional office in Hong Kong. Currently trading on the LSE are more than 400 international companies from more than 60 countries.

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