Low-coupon bond refunding
Refunding of a low coupon bond with a new, higher coupon bond.
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Tag Archive for 'L Glossary'
Low price-earnings ratio effect
The tendency of portfolios of stocks with a low price-earnings ratio to outperform portfolios consisting of stocks with a high price-earnings ratio.
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Low price
This is the day’s lowest price of a security that has changed hands between a buyer and a seller.
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Look-thru
A method for calculating U.S. taxes owed on income from controlled foreign corporations that was introduced by the Tax Reform Act of 1986.
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Lookback option
An option that allows the buyer to choose as the option strike price any price of the underlying asset that has occurred during the life of the option. If a call, the buyer will choose the minimal price, whereas if a put, the buyer will choose the maximum price. This option will always be in the money.
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Long-term liabilities
Amount owed for leases, bond repayment and other items due after 1 year.
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Long-term financial plan
Financial plan covering two or more years of future operations.
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Long-term debt to equity ratio
A capitalization ratio comparing long-term debt to shareholders’ equity.
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Long-term debt ratio
The ratio of long-term debt to total capitalization.
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Long-term debt capitalization
Indicator of financial leverage. Shows long-term debt as a proportion of the capital available. Determined by dividing long-term debt by the sum of long-term debt, preferred stock and common stockholder equity.
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