L share annuity class - The L share annuity class is a type of variable annuity that has relatively high administrative costs but begins paying out earlier than most. It is made for investors who wish to be able to start taking money out of an account in a relatively short amount of time. Variable annuities also come in share classes A, B, C, O, and X.

Labor market
- The term labor market, also referred to as the job market, describes the supply and demand for work, wherein employees supply the labor and employers satisfy the demand. It is a crucial part of every economy and is closely connected to the markets for capital, goods, and services.

Lagging indicator
- A lagging indicator is an observable or measurable element that changes after the connected economic, financial, or business variable changes. Trends and changes in trends are confirmed by lagging indicators. Lagging indications, such as MADCs, RSI, stochastics, can be helpful for determining the direction of the overall economy. However, while providing useful information, lagging indicators are less reliable when compared to leading indicators, such as yield curve, durable goods orders and manufacturing jobs. It is important to understand that when analyzing a trend, we need to look at the whole picture (price, time, volume), not just one or two indicators. 

- A corporation is referred to as large cap if its market capitalization is greater than $10 billion. Large size, or "big cap," is another term for a group of well-liked stocks that investors favor for their consistency.

Law of supply and demand
- The law of supply and demand combines two key economic theories that explain how variations in the prices (for goods, services, commodities...) affect its supply and demand. While demand declines as the price rises, supply grows. In contrast, as the price falls, supply is constrained and demand increases. On a chart, levels of supply and demand for various prices can be represented as curves. The point where these curves intersect denotes the equilibrium price, also known as the market clearing price, or the point when supply and demand are equal. This point also symbolizes the method of price discovery in the market.

Leading indicator
- Any quantifiable or observable variable of interest that foretells a change or movement in another data series, process, trend, or other event of interest before it occurs.. Market watchers and policymakers can predict important changes in the economy with the aid of leading economic indicators, which are used to forecast changes before the rest of the economy starts to move in that direction. Leading indicators can be helpful in predicting the onset, scope, and course of future business and economic conditions. A lagging indicator and a leading indicator can be compared. The five main leading indicators are the Treasury yield curve, durable goods orders, stock market major indices, manufacturing jobs and building permits.

Letter of intent (LOI) - A letter of intent (LOI) is a document that states a party's tentative intention to doing business with another. The main elements of a potential agreement are described in the letter. LOIs are frequently used in significant commercial transactions and have a structure akin to term sheets. However, one significant distinction between the two is that while term sheets take the form of a listicle, LOIs are delivered in letter styles. A shareholder may also write a letter of intent to say that they intend to make investments in a particular amount of money at a particular period. Frequently, the shareholder would be entitled to lower sales costs in exchange for signing a letter of intent. A letter of intent cannot be enforced because it is not a contract.

Level 1
- Level 1 is a data feed display used for stock trading that shows the national best bid and offer or the best bid-offer volume quotes in real-time (NBBO). Although active traders prefer to use more detailed and higher-level quotations, such as order book and market depth information, level 1 quotes provide basic information that, for the most part, is sufficient for most investors. There are three levels of quotes in the American stock market: Level 1, Level 2, and Level 3. An investor can examine these quotes to understand where the market is consolidating as well as how a particular stock is performing over time.

Level 2
- Level 2 is a subscription-based service that offers immediate access to the NASDAQ order book. Level 2 quotes, first established in 1983 as the Nasdaq Quotation Dissemination Service (NQDS), show traders and investors the depth and momentum of the market. The service offers price quotes from market makers authorized to trade every security listed on the NASDAQ and the OTC Bulletin Board. The ask prices and sizes are displayed on the right side of the Level 2 window, and the bid prices and sizes are displayed on the left. Level 2 quotes are very useful to active traders, especially scalpers and day traders.

Level 3
- Level 3, also known as TotalView, shows the complete order book depth on Nasdaq, including every single quotation and order at every price level in securities that are listed on Nasdaq, NYSE, NYSE American, and regional exchanges. A trading service will offer pricing data on a securities as a level III quote. Level 3 includes the current bid price, ask price, quote size, latest trade's price, size, high price for the day, and low price for the day. Institutions are permitted to send information, execute orders, and enter quotes at Level 3. Since level 3 provides a high level of market depth, the service is only available to registered Nasdaq market makers and subscribers.

Leverage -
Financial leverage is the result of borrowing money to support investments that increase a company's asset base and produce returns on risk capital. The employment of various financial instruments or borrowed cash, or leverage, is an investing strategy that aims to improve an investment's potential return.

Leveraged ETF
- Leveraged exchange-traded funds (ETFs) are investment securities that boost an underlying index's returns using debt and financial derivatives. A leveraged ETF may aim for a 2:1 or 3:1 ratio, whereas a conventional exchange-traded fund normally tracks the assets in its underlying index on a one-to-one basis.

Lipper ratings
- According to Lipper Analytical Services of New York, the Lipper Mutual Fund Industry Average measures the performance of all mutual funds. According to the type of mutual fund, such as an aggressive growth fund or an income fund, the performance of all mutual funds is graded quarterly and yearly. The goal of mutual fund managers is to outperform both the industry norm and similar funds in the same category.

Limit order
- An order to buy or sell a security at a specific price or higher is known as a limit order. Sell limit orders will only be carried out at the limit price or a higher one, whereas buy limit orders will only be carried out at the limit price or a lower one. This requirement gives traders more control over the price levels they choose to trade in.

- The opportunity to quickly access money that has been invested. For example, because shares in mutual funds can be redeemed for current value on any business day, which may be greater or lower than the original cost, these investments are considered liquid.

Line chart
- A line chart connects a number of data points with a continuous line to graphically depict the historical price movement of an asset. The line chart is the simplest type of chart used in finance. It only shows the closing prices of a security over time. Although line charts can be used for any timeframe, they are most frequently employed for daily price fluctuations.

Liquid market
- A market is said to be liquid if it has a large number of buyers and sellers and relatively low transaction costs. Depending on the asset being traded, many factors may contribute to market liquidity. A deal can be completed quickly and at a favorable price in a liquid market because there are many buyers and sellers, and the product being traded is standardized and in great demand. Despite daily variations in supply and demand, the difference between what a buyer wants to pay and what a seller will accept is typically quite minimal in a liquid market.

Load fund
- A load fund is a mutual fund that has a commission or sales fee. The load is paid by the fund investor and goes toward compensating a sales intermediary, such as a broker, financial advisor, or investment advisor, for his/her time and knowledge spent helping the investor choose the best fund. When shares are sold, the back-end load is paid; or the back-end load can be paid for as long as the investor holds the fund. The front-end load is paid at the time of purchase (level-load). Load funds and no-load funds, which don't charge a sales commission, are the contrast to load funds.

Loads (back-end, front-end and no-load)
- Fees for selling mutual funds. A front-end load is paid at the time of purchase, whereas a back-end load is charged at redemption (see contingent delayed sales fee). Sales fees aren't applied to no-load funds.

Loan stock
- Shares of common or preferred stock used as security to obtain a loan from another party. Like a typical loan, the loan has a fixed interest rate and can be secured or unsecured. Similar to an irredeemable convertible unsecured loan stock, a secured loan stock may also be referred to as a convertible loan stock if it can be converted into common shares directly under certain circumstances and at a predetermined conversion rate (ICULS).

Long position
- When an investor buys an asset or derivative with the expectation that its value will increase, they have what is known as a long position.

Long straddle
- A long straddle is an options trading strategy in which the trader buys both a long call and a long put with the same expiration date and strike price on the same underlying asset.

Long-legged doji
- Candlestick pattern indicating a strong sense of indecision. A long-legged doji displays price opening a certain level, a run to the upside, a pullback to the opening price, a drop to the downside. a bounce to the opening price, and close at or near where the price opened. This price action takes place all within the same time period (daily chart, 30-minute chart, 5-minute chart...). The long-legged term refers to the length of the upper and lower shadows. The longer the shadows (legs) the stronger is the move following the eventual breakout, or breakdown. 

Long-short equities
- An investment strategy known as "long-short equity" entails taking long positions in stocks that are anticipated to increase in value and short positions in equities that are anticipated to decrease in value. In order to profit from stock increases in the long positions as well as price falls in the short positions, a long-short equity strategy tries to reduce market exposure. The tactic ought to be profitable on a net basis, even though this might not always be the case.

Long/short fund
- A long/short fund is a kind of hedge fund or mutual fund that invests in both long and short positions, often in securities from a single market segment. These funds frequently buy relatively discounted stocks and sell overvalued ones using a variety of unconventional investing strategies, including leverage, derivatives, and short positions. Long/short funds are also known as enhanced funds or 130/30 funds.

Long-term investment strategy
- A kind of investing that pays attention to underlying changes in the economy or financial markets rather than the daily swings of the stock and bond markets.

Low volume pullback - A technical correction toward a support level that occurs on lower-than-average volume. Because of the low volume, traders frequently assume that the move is a pullback related to profit taking, rather than a reversal.

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