LSL
Currency code of Lesotho loti, the official currency of Kingdom of Lesotho. The loti is comprised of 100 lisente subunits and is ranked to the South African rand at norm via the Common Monetary Area.
Coins are issued in 1, 2, 5, 10, 20, and 50 lisente; and 1, 2 and 5 loti denominations. Banknotes are released in 10, 20, 50, 100, and 200 denominations.
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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