Lock limit is a specific price movement set by trading exchanges that if breached can result in a trading halt of the instrument beyond the lock limit price.

Low-ball offer is a slang term nominating an offer which is much below the seller’s asking price.

The long run is a period of time in which all factors of the matter at hand are variable.

Limit move is a maximum amount of movements that the price for a commodity future is allowed to make in one day.

Limit up is the maximum amount by which the price for commodity futures can grow in the span of one trading day.

To liquidate means to convert into cash in the conditions of an open market.

Loan servicing is a period of time and combination of actions which can be observed after the loan is given out right up until the moment it is fully paid off. The process includes sending and collecting monthly payments, maintaining records of said payments, balancing the account, collecting and paying taxes and insurance and so on.

Linkage is the ability to but a security on one financial exchange and then selling it in another exchange. There are several assets that allow such operations. This allows traders to have the possibility to buy cheaper and sell more expensive.

Liquidity trap is market’s condition when interest rates are too low and savings rates are too high. They can appear as a result of ineffective monetary policy.

Limit down price is the lowest point of the price to which the price for commodity may sink in a day. In stock trading it is the lowest price at which trading curbs kick in.