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Corporate and Institutional Glossary

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L
Landing Certificate
Lease Line Of Credit
Lease Rate (Rental Payment)
Current TermLease Schedule
Legal Transfer
Legal Weight
Lessee
Lessor
Letter Of Credit (L/C), Commercial
Letter Of Credit, Advised
Letter Of Credit, Clean
Letter Of Credit, Confirmed
Letter Of Credit, Negotiable
Letter Of Credit, Red Clause
Letter Of Credit, Restricted
Letter Of Credit, Standby
Letter Of Credit, Straight
Letter Of Credit, Transferable
Letter Of Indemnity
Letter Of Instruction
Letter Of Transmittal
Letters Of Administration
Letters Of Correction
Level
Leveraged Lease
Licensing
Lighter
Like-Kind Property
Limit
Listed Security
Long Position
Lease Schedule
An addendum under a Master Lease, which states the terms associated with the lease of a specific asset or group of assets. The lease schedule will contain a description of the asset or assets themselves, the amount and number of payments, and the End of Term Options available to the lessee.

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