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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

Living Will A legal document that outlines what life-prolonging measures an individual wants taken if he or she is terminally ill or incapacitated. Rules governing living wills vary from state to state.

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