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Lease
A rental agreement.
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Lender
A company that provides loans to customers.
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Liability
A financial obligation.
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Life Insurance Loan
An amount of money borrowed against the accumulated cash value of a whole life insurance policy.
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Line of Credit
A revolving money balance issued by creditors to borrowers up to a specific limit.
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Liquidation
The selling of assets to use the proceeds to pay off debts.
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Loan Consolidation
The process of combining multiple loans into one large loan to reduce interest and payments.
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Loan Term
The repayment time a borrower has to repay a loan.
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Loan-to-Value Ratio
The ratio of money borrowed against a secured asset to the market value of the asset.
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Loan
The borrowing of a sum of money for a temporary period.
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