GROUND LEASE
Agreement, normally lasts for 10 years and above, in which a tenant or rented is permitted to develop a portion of the property during the lease term, after which the land all improvements are rendered to the property owner. It denotes the property owner will own the improvement unless a creation has been made. The tenant will also pay all relevant taxes incurred during the lease term. Also called land lease.
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Lobby
Act of attempting to exert an influence (i.e. lobbying); a group of like-minded people that attempts to influence an authoritative body in their fa ...
Douglas Amendment
Amendment to the Bank Holding Act of 1956, preventing banks from acquiring banks throughout various states. But a bank can seek exception to the ru ...
Lilly Ledbetter Fair Pay Act
A law signed by the US Congress, which restored worker protections against pay discrimination. Signed under the Obama administration on January 29, ...
Generation-Skipping Trust
Legally binding trust agreement passing the contributed assets to the grantor’s grandchildren, not his children, upon the grantor’s dea ...
Net Change
Net change is the difference between the closing price of a security on one trading day and the closing price of the previous day. It may either be ...
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