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Financial services

Related to any service provided by the finance industry, which encompasses a broad range of organisations that deal with the management of money.

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Contributors in Financial services

Financial services > Private equity

limited partnership

Financial services; Private equity

A partnership consisting of one or more general partners and one or more special partners (the ‘limited partners’) who are not liable for the debts of the partnership beyond their ...

limited partner

Financial services; Private equity

A person having an interest in a limited partnership whose liability is limited to a fixed amount and who does not participate in the management of the partnership.

leveraged buy-out (LBO)

Financial services; Private equity

The acquisition of a company by members of management or outside investors with financing from investment bankers or other third parties. The financing is typically secured by the ...

letter of intent

Financial services; Private equity

A letter from one company to another indicating a general willingness or intention to engage in some type of transaction. It frequently precedes negotiation of complete agreement ...

lehman formula

Financial services; Private equity

A compensation formula initiated by Lehman Brothers for investment banking activities, originally structured as follows: 5% of the first million dollars involved in the ...

lead manager/lead underwriter

Financial services; Private equity

The single underwriter that assumes leadership and financial responsibility for placing the securities offered in a public offering. On the cover of a prospectus, the Lead ...

lagging indicator

Financial services; Private equity

An economic indicator that changes after the overall economy has changed; examples include labour costs, business spending, the unemployment rate, the prime rate, outstanding bank ...