| LCB |
|---|
| Local Competitive Bidding. A procedure used in bidding for World Bank funded projects. |
| LCH |
|---|
| London Clearing House. |
| LEGACY CURRENCIES |
|---|
| The currencies of the member states participating in EMU. The legacy currencies will eventually disappear and be replaced by the euro. |
| LEGACY CURRENCIES |
|---|
| The currencies of the member states participating in EMU. The legacy currencies will eventually disappear and be replaced by the Euro. |
| LEGALISATION |
|---|
| The certification or stamping of documents by the embassy or consulate of an importing country. |
| LEVERAGE |
|---|
| To borrow, amount of borrowing (used as both a verb and a noun). Influence (used as both a verb and a noun). |
| LEX MONETAE |
|---|
| The principle that the law of the country in whose currency a debt is expressed decides what constitutes the currency in question. |
| LIB |
|---|
| Limited International Bidding. A procedure used in bidding for World Bank funded projects. |
| LIBA |
|---|
| London Investment Banking Association. |
| LIBOR |
|---|
| London Inter-bank Offered Rate. The rate of interest at which first class banks are able to fund themselves in the London Inter-bank Eurocurrency market. |
| LIEN |
|---|
| Claim of a creditor over property. |
| LIMITED RECOURSE |
|---|
| Where, in the context of an export financing operation, the financier is able to look to another party to cover part of the risk of non-payment. |
| LINE OF CREDIT |
|---|
| A loan to a buyer to enable him to pay for a variety of imported goods on extended credit terms. |
| LME |
|---|
| London Metal Exchange. |
| LONDON CLUB |
|---|
| Used in the context of debt rescheduling arrangements to refer to commercial bank lenders to a debtor nation. |
| LSE |
|---|
| London School of Economics. |
| LSE |
|---|
| London Stock Exchange. |
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