Lien: A lien is a legal right to keep possession of property, assets, or other collateral if a debt has not been satisfied. Loans or financing terms have contractual obligations that if not...
Liquidity: Liquidity is the ease with which one can convert their assets into cash for quick use. One can determine an asset’s liquidity by considering how easily and quickly it can be exchanged,...
Lockbox: A lockbox system is a bank-operated service offered to companies for the receipt of payments from their customers. Instead of payments made by the customer going to the company, these payments are...
