L.C.H.
The London Clearing House: A central counterparty set up remove credit risk on exchange traded transactions.
Glossary
This glossary is available to download as a PDF
L
LIBID
The London Inter-Bank Bid Rate. The rate where one bank will lend to another.
LIBOR
The London Inter-Bank Offered Rate. The inter- bank rate used when one bank borrows from another. It is also the benchmark used to price many Capital Market and Derivative transactions.
LIFFE
London International Financial Futures Exchange.
Limit Order
An order given at a certain price.
Liquidation
The closing of an existing position.
Liquidity
The ease with which an item can be traded on a market.
Liquid Market
An active market place where much selling and buying occurs with minimal price concessions.
Listed Company
A company whose securities have been admitted to the Daily Official List (DOL).
Listing Particulars
A prospectus which details what the Stock Exchange requires a company to publish about itself and its securities before they can be admitted to the main market.