Limited liability
A legal structure where business owners or shareholders are only responsible for company debts up to the amount they invested. Their personal assets are protected. It’s a key feature of corporations and limited liability companies (LLCs), reducing individual financial risk.
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LIFO (Last In, First Out)
A US-permitted inventory valuation method where the most recently acquired inventory is assumed to be sold first. LIFO is allowed under US…
Leveraged Buyout
A leveraged buyout is the acquisition of a company using significant borrowed funds, often secured by the target’s assets. Accounting…
Loss Ratio
Loss ratio measures the proportion of claims paid by an insurer relative to premiums earned. It evaluates underwriting performance and…
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