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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

Long-Term Care Insurance An insurance policy that provides long-term benefits, including a broad range of health services for the chronically ill or disabled. Services may be provided on an inpatient, outpatient, or at-home basis.

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