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Ledger
LedgerA book in which the accounts of a business are kept. RELATED TERMS-------------------------------------- Book A record maintained by a trading specialist of buy and sell orders for a given security. SIMILAR TERMS-------------------------------------- LEDGE LIGHT Credit Union LEDGE LIGHT is a credit union with head office in GROTON, CT Ledger cash A firm's cash balance as reported in its financial statements. Also called book cash. PREVIOUS AND NEXT TERMS-------------------------------------- Lease term The life of a lease, including any renewal options. Leaseback A transaction that involves the sales of some property, and an agreement by the seller to lease the property back from the buyer after the sale. Leasehold An asset providing the right to use property under a lease agreement. Leasehold improvement Improvements on a leased asset that increase the value of the asset. Leaves Used in the context of general equities. Remains to buy or sell of a previously entered order after a report of partial execution has been given. Ledger Ledger cash A firm's cash balance as reported in its financial statements. Also called book cash. Leg A term describing one side of a position with two or more sides. When a trader legs into a spread, they establish one side first, hoping for a favorable price movement so the other side can be executed at a better price. Legal bankruptcy A legal proceeding for liquidating or reorganization a business. Legal capital Value at which a company's shares are recorded in its books. Legal defeasance The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture. We thank you for using the Financial Dictionary to search for Ledger. If you have a better definition for Ledger than the one presented here, please let us know by making use of the suggest a term option. This definition of Ledger may be disputed by other professionals. Our attempt is to provide easy definitions on Ledger and any other medical topic for the public at large.
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