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Personal Finance Glossary

LIFO—Last In, First Out Lapse Large-Cap Stock Last Leap Level Load Level Term Insurance Liability Insurance Lien Lifetime Payout Limit Order Liquidity Living Trust Living Will Loan-To-Value (LTV) Ratio Long Long-Term Capital Gains Long-Term Care Insurance Low Price

Level Load An annual sales charge applied to mutual fund shares that does not vary based on how long the investor holds the shares.

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