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Lessee
The user of the property in relation to a lease.
The user of the property in relation to a lease.
Lessor
The owner of the goods or other property in a lease, usually a finance company or bank.
The owner of the goods or other property in a lease, usually a finance company or bank.
Lifetime Pension Or Annuity
A retirement income investment where an individual invests their superannuation or other money and receives an income periodically. The capital is not accessible, and there is usually little income flexibility. The payments are guaranteed to be made for the person's lifetime.
A retirement income investment where an individual invests their superannuation or other money and receives an income periodically. The capital is not accessible, and there is usually little income flexibility. The payments are guaranteed to be made for the person's lifetime.
Liquidate
To sell an investment or to convert an investment into cash.
To sell an investment or to convert an investment into cash.
Listed Security
A security which has its price quoted on an exchange, such as shares on the stock exchange.
A security which has its price quoted on an exchange, such as shares on the stock exchange.
Loss
Occurs where the sale price of an asset is less than the initial cost.
Occurs where the sale price of an asset is less than the initial cost.
Lump Sum
A cash payment e.g. to or from a superannuation fund, or other investment.
A cash payment e.g. to or from a superannuation fund, or other investment.
