A horizontal piece over a door or window that carries the weight of the structure above it. …
Liquid Assets
Cash and all other assets that can be converted to cash relatively quickly. Liquid assets can include money in savings and checking accounts, money-market accounts, and most certificates of deposit. …
Liquidated Damages
A sum of money specified in the purchase contract to be paid by one party to the other in the event of a breach of contract. …
Liquidity
The ability to sell an asset at a price close to its true value and convert it into cash in a short period of time. …
Listing
A piece of property placed on the market by a listing agent. …
Late Charge
A fee imposed by a lender when the borrower does not make a payment on time. …