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Personal Finance Glossary

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LIFO—Last In, First Out
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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
Current TermLong
Long-Term Capital Gains
Long-Term Care Insurance
Low Price
Long
Investors who go "long" simply own stock or another security. It is a term that means the opposite of "short," in which investors are short a stock or security because they have borrowed it and sold it to someone else.
† ©CBS MarketWatch

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