| landlord |
one that owns and rents out land or buildings |
|
| leverage a |
(Gearing)
Leverage is the proportion of total capital which is financed by debt or equity.
[L = Total capital/Equity] |
|
| leverage b |
(Borrowings to capital, gearing, debt to capital)
Debt to capital measures the extent to which the net assets of a business are funded by interest-bearing debt.
[Debt% total capital = 100]
[Closing net loans/Closing total capital] |
|
| leverage c |
(Debt/Equity, gearing)
Debt to equity measures the proportion of debt and equity in the capital of the business.
[Leverage% = Debt]
[100/Equity] |
|
| liability |
legal responsibility for financial obligation, such as damages |
|
| limits of acceptance/liability |
the maximum amount accepted by an
insurer in respect of a specific risk |
|
| litigation |
legal proceeding in a court to determine and enforce legal rights |
|
| loading |
those elements added to a premium to allow for additional risk
exposure |
|
| loans |
(Borrowings)
Loans are that part of the capital of the business provided by lenders. Loans are capital regardless of whether they are long or short term. |
|
| loss |
an undesired event or the amount of a claim made by an insurance
policyholder |
|
| loss adjustor |
an independent, qualified person who assess the size, or
value of a loss, on behalf of the insurer, but who may also be employed by an
insured to look after his interest in a loss settlement |
|
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