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Equities & Finance Glossary – Terms Starting with L
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Terms Starting with L
Large Blend An investment product, like a mutual fund or an Exchange Traded Fund (ETF), that invests in a variety of large US stocks—primarily large-cap stocks, or those in the top 70% of the capitalization of the US equity market. The large blend style is generally assigned to investment products where neither growth nor value characteristics predominate.
Large Growth An investment product, like a mutual fund or an Exchange Traded Fund (ETF), that invests primarily in large, growth-oriented US stocks—primarily large-cap stocks, or those in the top 70% of the capitalization of the US equity market. The large growth style is generally based on fast growth (i.e., high growth rates for earnings, sales, book value, and cash flow) and high valuations (i.e., high price ratios and low dividend yields).
Large Value An investment product, like a mutual fund or an Exchange Traded Fund (ETF), that invests primarily in large, value-oriented US stocks—primarily large cap stocks, or those in the top 70% of the capitalization of the US equity market. The large value style is generally based on low valuations (i.e., low price ratios and high dividend yields) and slow growth (i.e., low growth rates for earnings, sales, book value, and cash flow).
Last For stock and option quotes, the unit price of the most recent order of the shares of the security on the primary exchange. For mutual funds and money market funds, the net asset value (NAV) of the fund as of the last time the fund was priced and prior to the date displayed. For Fidelity variable annuity investment options, Last is the value on the date noted. All dates and times are reported in ET.
Last Change to Rating The last rating event (for example, upgraded, downgraded, reiterated) and the date the rating event took place.
Last Trade For stocks and options, the share price of the most recent order for shares of the security on the primary exchange (delayed by at least 20 minutes). For mutual funds and money markets, the Net Asset Value (NAV) as of the end of the previous trading day. For indexes, the index value at the time noted in the Date & Time field. All dates and times are reported in ET.
Last Trade Exchange The exchange or market on which the security was last traded (for example, New York Stock Exchange, NASDAQ). Also indicates the primary exchange for an option contract.
Lehman Brothers Aggregate Bond Index (LB Agg) An unmanaged, market value-weighted index representing securities that are SEC-registered, taxable, and dollar denominated. This index covers the U.S. investment grade fixed rate bond market, with index components for a combination of the Lehman Brothers government and corporate securities, mortgage-backed pass-through securities, and asset-backed securities. See also Benchmark Index.
Lehman Brothers U.S. Treasury Inflation-Protected Securities (TIPS) Index An unmanaged index that represents securities that protect against adverse inflation and provide a minimum level of real return. To be included in this index, bonds must have cash flows linked to an inflation index, be sovereign issues denominated in U.S. currency, and have more than one year to maturity, and, as a portion of the index, total a minimum amount outstanding of $100 million U.S. dollars.
Liabilities - Total Current liabilities plus long-term debt plus other non-current liabilities (including deferred taxes and investment tax credit). Data is represented each quarter in millions of dollars.
Limit An order price type placed on the execution of an order. Limit restricts the price you pay to buy or sell a security to be a limit price you specify or better. The limit price is specified in a separate Limit field. Buy limit orders state the maximum price at which to buy, while sell limit orders state the minimum price at which to sell.
Liquidity Ratio A ratio calculated by adding the daily percentage changes of a stock's closing price for each trading day of the month, then dividing the total dollar volume for the month by the total percentage change. Liquidity Ratio measures how much dollar volume is required to move a stock's price up or down by one percentage point.
A high Liquidity Ratio indicates a stock that requires relatively heavy trading to move its price. A low Liquidity Ratio indicates a stock that moves on relatively light volume.
Long-Term Debt Debt obligations due more than one year from the company's balance sheet date. Data is represented each quarter in millions of dollars.
Long-Term Debt Equity Debt obligations due more than one year out from the issuance of the company's balance sheet divided by Shareholder's Equity calculated for a specified time period. A company's long-term debt could be in the form of bank debt, mortgage bonds, debenture bonds, or other obligations. Time periods measured include:
Most Recent Quarter (MRQ) as an annualized figure Last Fiscal Year A high ratio indicates leverage in that the company is financing operations or growth with debt. Current and future earnings would then be affected by interest expenses from this debt.
Low For stocks and options, the lowest price traded for this security during the current trading day.
Lower Indicators In a price chart, a list of several popular technical indicators, including Volume, Volume+, and Relative Strength Index (RSI). |
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