Lease
A rental agreement.

Lender
A company that provides loans to customers.

Liability
A financial obligation.

Life Insurance Loan
An amount of money borrowed against the accumulated cash value of a whole life insurance policy.

Line of Credit
A revolving money balance issued by creditors to borrowers up to a specific limit.

Liquidation
The selling of assets to use the proceeds to pay off debts.

Loan
The borrowing of a sum of money for a temporary period.

Loan Consolidation
The process of combining multiple loans into one large loan to reduce interest and payments.

Loan Term
The repayment time a borrower has to repay a loan.

Loan-to-Value Ratio
The ratio of money borrowed against a secured asset to the market value of the asset.