Laundering - Laundering is the process of cleaning illicitly gained money so that it appears to others to have come from, or to be going to, a legitimate source.
Letter of Intent (LOI) - A document by which the investor states that he intends to enter into a High-Yield transaction. A generic document can be found in the "How to contact us" page of this site.
Letter of Wishes/Memorandum of Wishes - A document prepared by the settlor or grantor of a trust providing guidance on how trustees should exercise their discretion's.
Leverage - Company debt expressed as a percentage of equity capital. High leverage means that debts are high in relation to assets. The equivalent UK term is gearing.
Leveraged (indirect) Programs - Programs which use leased assets (such as US Government bonds) to increase the amount of instruments purchased and resold for a profit. The benefit of leased assets is that such programs generate substantially larger profits.
Limit - In relation to dealing instructions, a restriction set on an order to buy or sell, specifying the minimum selling or maximum buying price.
Limited Power of Attorney - A legal document that empowers the trade manager to deal with the various parties of the transaction on behalf of the owner of the funds (the Principal). Transactions will not happen without this instrument.
Listed Company - A company that has obtained permission for its shares to be admitted to the London Stock Exchange's Official List.