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Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Trading basics

Kingdom Hearts χ

Kingdom Hearts χ, stylized as Kingdom Hearts χ[chi], was a Japanese role-playing browser game developed by Square Enix (in collaboration with Disney Interactive Studios), Success, and BitGroove, and published by Square Enix for web browsers as the eighth installment in the Kingdom Hearts series. Gameplay involved players navigating a customized avatar through Disney-inspired worlds fight

Trading basics

Kiribati dollar

The Kiribati dollar is one of the two official currencies of Kiribati. The Kiribati coins are pegged at 1:1 ratio to the Australian dollar, the other official currency of Kiribati. Kiribati coins were issued in 1979 and circulate alongside banknotes and coins of the Australian dollar. In present day, Kiribati coins are rare in comparison to Australian coins with the last minor emission m

Trading basics

Kirill Dmitriev

Kirill Alexandrovich Dmitriev (born 12 April 1975) is a Russian businessman who is the CEO of the Russian Direct Investment Fund (RDIF), an at least $10 billion sovereign wealth fund created by the Russian government to co‑invest in the Russian economy. Dmitriev was born in Soviet Ukraine. He lived in the United States between the ages of 14 and 25, where he studied at Stanford Universit

Trading basics

Kirk Kerkorian

Kerkor "Kirk" Kerkorian (Armenian: Քըրք Քըրքորեան; June 6, 1917 – June 15, 2015) was an American businessman, investor, and philanthropist. He was the president and CEO of Tracinda Corporation, his private holding company based in Beverly Hills, California. Kerkorian was one of the important figures in the shaping of Las Vegas and, with architect Martin Stern Jr., is described as the "fa

Trading basics

Kirkbi

Kirkbi A/S is a Danish investment management company headquartered in Billund, Denmark, that serves as a family office to manage the fortune of the Kristiansen family, the current owners of the Lego Group. It owns 75% of The Lego Group, 47.5% of Merlin Entertainments, and 100% of BrainPop.

Trading basics

Kitaca

Kitaca (Japanese: キタカ, romanized: Kitaka) is a rechargeable contactless smart card ticketing system for public transport in Sapporo, Japan. It launched on October 25, 2008 and is managed by Hokkaido Railway Company. The card's name is a combination of the word for "north" (北, kita) and the English loanword "card". 北 is also the first character of Hokkaidō (北海道). Like other electronic far

Banking

KL Special Force

KL Special Force is a 2018 Malaysian Malay-language action thriller film directed by Syafiq Yusof. The film stars Rosyam Nor, Syamsul Yusof, and Fattah Amin. It was released on 8 March 2018 and was co-produced by Skop Productions, Damofa Productions, and Viper Studios.

Payments & settlement

Klarna

Klarna Group plc is a Swedish financial technology company and digital bank. Founded in 2005 in Stockholm, Sweden, Klarna provides digital payments, short-term consumer credit, cards, banking services and merchant tools for online and in-store commerce. It is listed on the New York Stock Exchange and is best known for buy now, pay later payment products.

Trading basics

Kleptocracy

Kleptocracy is a form of government in which those in power use their position to steal or exploit national resources for personal gain.

Trading basics

KlickEx

KlickEx is a New Zealand fintech company that provides a payment system for domestic, low value electronic foreign exchange transactions to Polynesian countries using a smart market retail system.

Trading basics

Klöckner & Co

Klöckner & Co SE (also known as Klöckner, KlöCo, or KCO) is a producer-independent processor of steel and metal products. With a network of 110 warehousing and processing locations, Klöckner & Co supplies over 60,000 customers, mainly in Europe and North America.

Trading basics

Kneeland Youngblood

Kneeland Youngblood (born December 13, 1955) is an American physician, businessman, and political figure. He is the founding partner, Chairman & CEO of the private equity firm Pharos Capital Group, LLC. Pharos Capital Group, LLC focuses on providing later stage funding, generally for growth, acquisitions, and recapitalizations, to growing healthcare companies that lower costs, improve ou

Trading basics

Knife money

Knife money (Chinese: 刀币) is the name of large, cast, bronze, knife-shaped commodity money produced by various governments and kingdoms in what is now China, approximately 2,500 years ago. Knife money circulated in China between 600 and 200 BCE during the Zhou dynasty.

Banking

Know your customer

Know your customer or know your client (KYC) laws, regulations and guidelines in financial services require regulated businesses and professionals to verify the identity of a customer, and the suitability and risks involved with maintaining a business relationship with them. These procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF)

Fiat currencies

Knut Wicksell

Johan Gustaf Knut Wicksell (December 20, 1851 – May 3, 1926) was a Swedish economist of the Stockholm school. He was professor at Uppsala University and Lund University.

Assets

KodakCoin

KodakCoin (stylized KODAKCoin) was a Kodak-branded blockchain cryptocurrency, used to plan payments for licensed photographers. It was also able to generate individualized cryptocurrency for its users through Kodak KashMiner, a Bitcoin-mining computer. Critics characterized Kodak's association with the cryptocurrency as a "desperate money grab."

Fiat currencies

Kopeck

The kopeck, also spelled kopek, is a coin or unit of currency used in Russia and some post-Soviet states. It is usually the smallest denomination within a currency system and is equal to 1⁄100 ruble.

Trading basics

Korea Deposit Insurance Corporation

The Korea Deposit Insurance Corporation (KDIC) is a South Korean deposit insurance corporation, established in 1996 to protect depositors and maintain the stability of the financial system. The main functions of KDIC are insurance management, risk surveillance, resolution, recovery, and investigation.

Trading basics

Korea Exchange

Korea Exchange (KRX, Korean: 한국거래소) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.

Finance

Korea Financial Investment Association

The Korea Financial Investment Association (KOFIA; Korean: 금융투자협회; RR: Geumnyung Tuja Hyeophoe) is a non-profit, self-regulatory organization (SRO) in South Korea, founded under the Financial Investment Services and Capital Markets Act. It was established on February 4, 2009 through the merger of the Korea Securities Dealers Association, the Korea Futures Association, and the Asset Manag

Finance

Korea Investment Corporation

The Korea Investment Corporation (KIC; Korean: 한국투자공사; Hanja: 韓國投資公社; RR: Hanguktujagongsa) is a sovereign wealth fund established by the government of South Korea in 2005. Its mission is to preserve and enhance the long-term purchasing power of South Korea's sovereign wealth (foreign reserves) through efficient management of public funds in the international financial markets. KIC manag

Finance

Korea Minting and Security Printing Corporation

The Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO; Korean: 한국조폐공사) is a state-owned corporation which is responsible to print and mint the banknotes and coins and other government documents. Its headquarters are located in Daejeon, South Korea.

Fiat currencies

Korean Empire won

The Korean won ( won Korean: 원; Hanja: 圓, Korean pronunciation: [wʌn]) or Korean Empire won (대한제국 원), was the official currency of the Korean Empire between 1900 and 1910. It was subdivided into 100 jeon ( jun; 전; 錢, Korean pronunciation: [tɕʌn]).

Trading basics

Korean idols in advertising

In South Korea, Korean celebrities often work with South Korean commercial and advertisement industries. Companies are quoted as saying that they use Korean idols to change their brands' image to a young, fresh one and promote their goods to a younger, wider, and global audience. This page focuses specifically on Korean idols in domestic and foreign advertisements. The items or goods tha

Finance

Korn–Kreer–Lenssen model

The Korn–Kreer–Lenssen model (KKL model) is a discrete trinomial model proposed in 1998 by Ralf Korn, Markus Kreer and Mark Lenssen to model illiquid securities and to value financial derivatives on these.

Finance

KOSPI

The Korea Composite Stock Price Index (KOSPI; Korean: 한국종합주가지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of South Korea, analogous to the S&P 500 in the United States.

Securities & exchanges

Koss Corporation

Koss Corporation is a company in Milwaukee, Wisconsin, US that manufactures headphones. The company created the first high-fidelity stereo headphones in 1958.

Assets

Kraken (cryptocurrency exchange)

Kraken (legally named Payward, Inc.) is a US-based cryptocurrency exchange, founded in 2011. It is the first cryptocurrency company to obtain a bank charter. In 2025, Kraken began allowing the trading of tokenized equities by non-US customers.

Trading basics

Kroll Inc.

Kroll (formerly Duff & Phelps) is an American multinational financial and risk advisory firm that has its headquarters in New York City. It was established in 1932 as Duff & Phelps. In 2018, Duff & Phelps acquired the original Kroll company, which had been founded in 1972. In 2021, Duff & Phelps decided to rebrand itself as Kroll, a process it completed in 2022.

Trading basics

Kronos Incorporated

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

Trading basics

KSE 100 Index

The KSE-100 Index is a total return stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.

Banking

Kshana Kshanam

Kshana Kshanam (transl. Every Moment) is a 1991 Indian Telugu-language road thriller film written and directed by Ram Gopal Varma. The film stars Venkatesh, Sridevi, Paresh Rawal, and Rami Reddy. The plot follows Satya (Sridevi), a young woman who is hounded by a gang of robbers headed by Nayyar (Rawal) and the police. With the help of a pickpocket, Chandu (Venkatesh), she escapes into t

Assets

KuCoin

KuCoin is a Seychelles-based cryptocurrency exchange. It was founded in China in 2017, but was later moved to Singapore following the Chinese government's restrictions on cryptocurrency companies, and eventually to the Seychelles.

Banking

Kurt Baron von Schröder

Kurt Freiherr von Schröder (24 November 1889 in Hamburg, German Empire – 4 November 1966 in Hamburg, West Germany) was a German nobleman, financier and SS-Brigadeführer. He is most famous for hosting the negotiations between members of Paul von Hindenburg's camarilla, Franz von Papen and Adolf Hitler in order to form a government after the German federal election of November 1932, which

Finance

Kurtosis risk

In statistics and decision theory, kurtosis risk is the risk that results when a statistical model assumes the normal distribution, but is applied to observations which have a tendency to occasionally be much further (in terms of number of standard deviations) from the average than is expected for a normal distribution.

Securities & exchanges

L. Brooks Leavitt

Leon Brooks Leavitt (April 3, 1878 – October 13, 1941) was an investment banker and antiquarian book collector who served as an overseer of Bowdoin College, to whose library he donated part of his collection of rare books and manuscripts. Born in Wilton, Maine, to a father who was a stagecoach driver who died when Leavitt was young, Brooks Leavitt was an aesthete turned banker whom Maine

Assets

L3cos

L3COS (Level 3 Consensus Operating System) is an algorithm for digitising processes based on Blockchain, which has a three-level structure and is distributed as Platform as a Service for state bodies and businesses. The algorithm is based on the blockchain, in which any decision made at any of the levels will become part of the common chain. The technology involves a three-level framewor

Trading basics

La Caldera (NFT collection)

La Caldera is a non-fungible token (NFT) collection created by Colombian singer-songwriter Shakira and Australian graphic designer BossLogic released on 21 September 2021. The collection consists of four pieces named "Zenith", "Caloris", "Watch, Don't Touch", and "Save Me from Myself". Each piece features music by Shakira and animated, digitally altered pictures of Shakira in the fantasy

Trading basics

La Quinta Inns & Suites

La Quinta by Wyndham, also known as La Quinta Inn & Suites (Spanish: La Quinta, "the country villa", pronounced [la ˈkinta]), is a chain of limited-service hotels in the United States, Canada, Mexico, and Honduras owned by Wyndham Hotels & Resorts. La Quinta Holdings, Inc. first sold shares to the public in April 2014. La Quinta is headquartered in Irving, Texas. As of December 31, 2023,

Trading basics

La Senza

La Senza Corporation is a Canadian fashion retailer that sells women's lingerie and intimate apparel. The La Senza brand is currently owned by Regent which operates and owns La Senza stores in Canada and the United States and uses a franchise model for the operation of stores outside Canada and the United States.

Finance

LabEx ReFi - European Laboratory on Financial Regulation

Since the financial crisis, regulation of financial activities is at the center of economic and political events. The crisis has indeed led regulators but also the academic world to ask new questions about the effectiveness of regulation policies. To answer these questions, the French laboratory of excellence on financial regulation (Labex ReFi) was established at the initiative of the C

Fiat currencies

Labour voucher

Labour vouchers (also known as labour cheques, labour notes, labour certificates and personal credit) are a device proposed to govern demand for goods in some models of socialism and to replace some of the tasks performed by currency under capitalism.

Trading basics

Labour-sponsored venture capital corporation

A labour-sponsored venture capital corporation (LSVCC), known alternately as labour-sponsored investment fund (LSIF) or simply retail venture capital (RVC), is a fund managed by investment professionals that invests in small to mid-sized Canadian companies. The Canadian federal government and some provincial governments offer tax credits to LSVCC investors to promote the growth of such c

Finance

Ladder (option combination)

In finance, a ladder, also known as a Christmas tree, is a combination of three options of the same type (all calls or all puts) at three different strike prices. A long ladder is used by traders who expect low volatility, while a short ladder is used by traders who expect high volatility. Ladders are in some ways similar to strangles, vertical spreads, condors, or ratio spreads.

Trading basics

Lagos Preparatory School

Lagos Preparatory & Secondary School (LPSS) is a private co-educational day school in the affluent Ikoyi suburb of Lagos, Nigeria, and has adopted the UK National Curriculum; it was established in 2002. LPSS which was formerly known as LPS, provides Early Years, Primary and Secondary school education for children from 18 months up to age 16+.

Finance

Land Bank of the Philippines

Land Bank of the Philippines (LBP), often referred to simply as LandBank, is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen. While it provides the services of a universal bank, it is officially classified as a "specialized government bank" with a universal banking license.

Trading basics

Land banking

Land banking is the practice of aggregating parcels of land for future sale or development.

Banking

Land development bank

A land development bank , abbreviated LDB, is a special kind of development bank in India. It is a quasi-commercial type that provides services such as accepting deposits, making business loans, and offering basic investment products. The main objective of the LDB is to promote the development of land, agriculture and increase the agricultural production. The LDB provides long-term fina

Finance

LandlordInvest

LandlordInvest is a peer-to-peer lending platform that enables people to invest in residential, commercial, and semi-commercial bridging and development loans. The platform's target audiences are professional property investors and landlords. It was the first residential property-backed Innovative Finance ISA made available to UK savers.

Finance

Landmark Credit Union

Landmark Credit Union is an American credit union providing banking services in Wisconsin and Northern Illinois . It operates as a cooperative and is owned by its members. Landmark provides banking services including, savings accounts, checking accounts, mortgages and investments.

Banking

Landsbanki

Landsbanki (Icelandic pronunciation: [ˈlan(t)sˌpauŋcɪ], lit. 'National Bank'), also commonly known as Landsbankinn ([ˈlan(t)sˌpauŋcɪn], lit. 'The National Bank') was one of the largest Icelandic commercial banks; it failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute. On October 7, 2008, the Icelandic Financial Supervisory Authority

Banking

LankaPay

LankaPay (formerly LankaClear) national payment network of Sri Lanka which provides the central payment infrastructure to the country's financial sector. Established in April 1, 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country.

Payments & settlement

LankaQR

LankaQR, stylised in all caps as LANKAQR, is a national QR code payment system in Sri Lanka, initiated by the Central Bank of Sri Lanka (CBSL) in collaboration with LankaClear (Pvt) Ltd and licensed financial institutions. The standard was introduced on 12 October 2018 and formally launched on 11 March 2019, aiming to promote a cashless society, enhance financial inclusion, and reduce re

Fiat currencies

Lao kip

The kip (Lao: ກີບ, romanized: kib; code: LAK; sign: ₭ or ₭N; French: kip; officially Lao: ເງີນກີບລາວ, romanized: Ngoenkib Lav, lit. 'currency Lao kip') is the currency of Laos since 1953. Historically, one kip was divided into 100 att (ອັດ) which are no longer in regular use. The term derives from ກີບ kì:p, a Lao word meaning "ingot."

Banking

Larceny, Inc.

Larceny, Inc. is a 1942 American crime comedy film. Originally released on May 2, 1942, by Warner Bros. Pictures, the film is a cross between comedy and gangster genres. Directed by Lloyd Bacon, the film stars Edward G. Robinson, Jane Wyman, Broderick Crawford, and Jack Carson, and features Anthony Quinn, and Edward Brophy. This was the third and final collaboration between Bacon and Rob

Fiat currencies

Lari sign

The lari sign (₾) is the currency sign used for the Georgian lari, the official currency of Georgia. The design was presented to the public by the National Bank of Georgia on 8 July 2014. It consists of a stylized Mkhedruli letter lasi, crossed by two lines. Depending on convention in each nation, the symbol can either precede or follow the value, e.g., ₾10 or 10 ₾, with an intervening s

Trading basics

Larimar

Larimar is the tradename for a rare blue variety of the silicate mineral pectolite found only in the Dominican Republic, around the city of Barahona. Its coloration varies from bluish white, light-blue, light-green, teal, green-blue, turquoise blue, turquoise green, turquoise blue-green, deep green, dark green, to deep blue, dark blue and purple, violet and indigo and the larimar can com

Fiat currencies

Lars E. O. Svensson

Lars Erik Oscar Svensson, is a Swedish economist. He was on the faculty of Princeton University 2001–2009. Since June 2014, he is Affiliated Professor at the Stockholm School of Economics. Since 2009 he is Affiliated Professor at Stockholm University. He has published significant research in macroeconomics, especially monetary economics, international trade and general equilibrium theory

Trading basics

Laser (debit card)

Laser was a debit card scheme in Ireland between 1996 and 2014. It was operated by Laser Card Services Limited, a non profit body owned by four leading financial institutions in Ireland and overseen since 2008 by the Oversight Unit of the Central Bank. The scheme was launched in April 1996, and in 2010, there were almost three million Laser cards in circulation.

Trading basics

LastPass

LastPass is a password manager application. The standard version of LastPass comes as a web interface, but also includes a browser extension, an app and support for bookmarklets.

Trading basics

Lat money

Lat money (Lao: ເງິນລາດ) refers to the bar-shaped coinage minted and used as currency in the kingdom of Lan Xang and its successor kingdoms of Vientiane, Luang Prabang, and Champasak. "Lat" is a Lao abbreviation for "talat" or "market," referring to the small denomination currency which may also be referred to as "boat money" or "Ngern Heua." The bar-shaped coinage of Lan Xang could be d

Trading basics

Latin American debt crisis

The Latin American debt crisis (Spanish: Crisis de la deuda latinoamericana; Portuguese: Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as La Década Perdida (The Lost Decade), when Latin American countries reached a point where their foreign debt exceeded their earning power and they

Trading basics

Latin Monetary Union

The Monetary Convention of 23 December 1865 was a unified system of coinage that provided a degree of monetary integration among several European countries, initially Belgium, France, Italy and Switzerland, at a time when the circulation of banknotes in these countries remained relatively marginal. In early 1866, it started being referred to in the British press as the Latin Monetary Uni

Finance

Lattice model (finance)

In quantitative finance, a lattice model is a numerical approach to the valuation of derivatives in situations requiring a discrete time model. For dividend paying equity options, a typical application would correspond to the pricing of an American-style option, where a decision to exercise is allowed at the closing of any calendar day up to the maturity. A continuous model, on the othe

Trading basics

Laukkuryssä

In Finland, "laukkuryssä" , also reppuryssä (Finnish for "bag Russian", Swedish: påsaryssar) were travelling salesmen who went around Finland and northern Sweden from the middle 19th century to the early 20th century. Despite the name, "laukkuryssäs" were not ethnically Russian, but instead Karelian peasants from East Karelia. Their trade was called a "bag trade", after the large leather

Trading basics

Laurance Rockefeller

Laurance Spelman Rockefeller (May 26, 1910 – July 11, 2004) was an American businessman, financier, philanthropist, and conservationist. Rockefeller was the third son and fourth child of John D. Rockefeller Jr. and Abby Aldrich Rockefeller. As a trustee of the Rockefeller Brothers Fund, he provided venture capital for Intel, Apple Computer, Piasecki Helicopter (later Boeing Helicopter),

Trading basics

Law of one price

In economics, the law of one price (LOOP) states that in the absence of trade frictions (such as transport costs and tariffs), and under conditions of free competition and price flexibility (where no individual sellers or buyers have power to manipulate prices and prices can freely adjust), identical goods sold at different locations should be sold for the same price when prices are expr

Finance

Law of the British Virgin Islands

The law of the British Virgin Islands is a combination of common law and statute, and is based heavily upon English law.

Trading basics

Lawson Boom

The Lawson Boom was the macroeconomic conditions prevailing in the United Kingdom at the end of the 1980s, which became associated with the policies of Margaret Thatcher's Chancellor of the Exchequer, Nigel Lawson. The economic boom saw strong economic growth during the second half of the 1980s, sparking a sharp fall in unemployment, which was still in excess of 3 million at the end of 1

Networks

LBRY

LBRY (pronounced "library") is a blockchain-based file-sharing and payment network that is primarily used for social networks and video platforms.

Banking

Le Chiffre

Le Chiffre (French: [lə ʃifʁ], 'The Cypher' or 'The Digit') is a fictional character and the main antagonist of Ian Fleming's 1953 James Bond novel, Casino Royale. On screen Le Chiffre has been portrayed by Peter Lorre in the 1954 television adaptation of the novel for CBS's Climax! anthology television series, by Orson Welles in the 1967 spoof of the novel and Bond film series, and by M

Trading basics

Le Figaro

Le Figaro (French: [l(ə) fiɡaʁo] ) is a French daily morning newspaper founded in 1826. The oldest national newspaper in France, Le Figaro is considered a French newspaper of record, along with Le Monde and (to a lesser extent) Libération. Le Figaro is the second-largest national newspaper nationally, after Le Monde. It was named after Figaro, a character in several plays by polymath Bea

Finance

Le Freeport

Le Freeport, formerly known as Singapore Freeport, is a high-security storage and display facility in Singapore. Since 2022, the facility is owned by Chinese-born Singaporean cryptocurrency billionaire Jihan Wu through his holding company Bitdeer Technologies. Prior to that, a majority stake was held by Natural Le Coultre S.A. of art dealer and shipper Yves Bouvier. Opened near Singapore

Trading basics

Le Méridien

Le Méridien (French: [l(ə) meʁidjɛ̃]) is an American upscale, design-focused international hotel brand with a European perspective. It was originally founded by Air France in 1972 and was later based in the United Kingdom. Marriott International now owns the chain. As of June 2021, it had a portfolio of 109 open hotels with 29,439 rooms and a pipeline of 37 hotels with 9,585 upcoming roo

Trading basics

Lead generation

In marketing, lead generation () refers to the process of attracting and capturing consumer interest in a product or service. A lead is the contact information and, in some cases, demographic information of a customer who is interested in a specific product or service.

Trading basics

Lead management

Lead management is a set of methodologies, systems, and practices designed to generate new potential business clientele, generally operated through a variety of marketing campaigns or programs. Lead management facilitates a business's connection between its outgoing consumer advertising and the responses to that advertising. These processes are designed for business-to-business and direc

Trading basics

Lead user

Lead user is a term developed by American economist Eric von Hippel.

Trading basics

LeapFrog Investments

LeapFrog Investments is a private equity firm that invests in financial services, healthcare and climate-related companies in emerging markets in Africa and Asia.

Trading basics

Leapfrogging

Leapfrogging is a concept used in many domains of the economics and business fields, and was originally developed in the area of industrial organization and economic growth. The main idea behind the concept of leapfrogging is that small and incremental innovations usually lead a dominant firm to stay ahead, but sometimes, radical innovations will permit new firms to leapfrog the ancient

Trading basics

Lease

A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal

Trading basics

Lease-by-room

Lease-by-room, also known as individual leasing, is an arrangement whereby a tenant and their roommates pay rent for their own rooms instead of each tenant being equally liable for the rent for the whole apartment. Typically lease-by-room leases are multi-room apartments or townhomes with shared bathrooms and living rooms. What distinguishes lease-by-room leases from joint leases is that

Trading basics

Leaseback

Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate, as well as for durable and capital goods such as airplanes and trains. The concept can also be applied by

Trading basics

Leasehold estate

A leasehold estate or a leasehold interest is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.

Trading basics

Least developed countries

The least developed countries (LDCs) are developing countries listed by the United Nations that exhibit the lowest indicators of socioeconomic development. The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) on 18 November 1971.

Trading basics

Lebanese pound

Lebanese pound or Lebanese lira is the currency of Lebanon. It was formerly divided into 100 piastres (Arabic: قرش qirsh) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued.

Finance

Ledger (journal)

Ledger is the first peer-reviewed academic journal dedicated to cryptocurrency and blockchain technology research.

Trading basics

Legal advertising

Legal advertising is advertising by lawyers (attorneys), solicitors and law firms. Legal marketing is a broader term referring to advertising and other practices, including client relations, social media, and public relations. It's a type of marketing undertaken by law firms, lawyers (attorneys) and solicitors that aims to promote the services of law firms and increase their brand awaren

Finance

Legal Entity Identifier

The Legal Entity Identifier (LEI) is a unique global identifier for legal entities participating in financial transactions. Also known as an LEI code or LEI number, its purpose is to help identify legal entities on a globally accessible database. Legal entities are organizations such as companies or government entities that participate in financial transactions. An individual person may

Trading basics

Legal liability

In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability.

Finance

Legal risk

Legal risk as a subset of operational risk that comprises the uncertainty associated with a business becoming a subjects of legal liability and obligations as a result of its operation.

Fiat currencies

Legal tender

Legal tender is a form of money that the law recognises as valid for the discharge of a monetary debt in a jurisdiction. What constitutes legal tender varies between jurisdictions.

Payments & settlement

Lemon Wallet

Lemon Wallet was a cloud-based digital wallet that allowed users to store digital copies of credit cards, debit cards, reward cards, as well as identification, and other card information. The service was released in July 2011 and the company is based in Palo Alto, California, United States. Wences Casares was the company's CEO.

Finance

Lemonade Stand (podcast)

Lemonade Stand is a business podcast that launched on March 6, 2025, hosted by content creators Brandon Ewing (Atrioc), Aiden McCaig (Calvin), and Douglas Wreden (DougDoug). The podcast discusses business, technology, and politics, targeting a primarily Generation Z audience. In October 2025, Vox Media announced a partnership with the podcast, assuming sales, marketing, and distribution

Banking

Lender of last resort

In public finance, a lender of last resort (LOLR) is a financial entity, generally a central bank, that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other facilities or such sources have been exhausted. It functions as a government guarantee of liquidity to financial institutions

Finance

Lender option borrower option

Lender option borrower option or lender's option borrower's option (LOBO) is a long term borrowing instrument available in the United Kingdom. They involve periodic interest re-fixings, which incorporates two linked options:

Banking

Leo Frédéric Alfred Baron d'Erlanger

Leo Frédéric Alfred Baron d'Erlanger (2 July 1898 – 25 October 1978) was an English merchant banker and air transport promoter, co-founder of British Airways, Chairman of the Erlanger Bank and of the Channel Tunnel Company.

Trading basics

Leon Black

Leon David Black (born July 31, 1951) is an American private equity investor. He is the former CEO of Apollo Global Management, which he co-founded in 1990 with Marc Rowan and Josh Harris. Black was the chairman of the Museum of Modern Art from 2018 to 2021. Black resigned from both Apollo Global Management and the Museum of Modern Art in the wake of revelations about his business ties t

Securities & exchanges

Léopold Renouard

Jules-Léopold Renouard (27 January 1833 – 7 March 1910) was a stock broker, financier and banker from Paris.

Banking

Leopold Stanisław Kronenberg

Leopold Stanisław Kronenberg (born 24 March 1812 in Warsaw, Duchy of Warsaw, died 5 April 1878 in Nice, France) was a Polish banker, investor, and financier, and a leader of the 1863 January uprising against the Russian Empire.

Fiat currencies

Leper colony money

Leper colony money was special money (scrip or vouchers) which circulated only in leper colonies (sanatoriums for people with leprosy) due to the fear that money could carry leprosy and infect other people. However, leprosy is not easily transmitted by casual contact or objects; actual transmission only happens through long-term, constant, intimate contact with leprosy sufferers and not