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L
Late Charge - A
penalty charged by banking institutions for not paying installment
due on time.
Late Payment Charges - Interest charged on the overdue installment
payment, calculated on a daily basis.
Legal Fees on Loan Agreement - Legal fees incurred for loan
agreement. The current rate is 1% for the first RM100,000 and 0.5%
for the next RM4,900,000.
Letter of Administration - A Grant of representation issued by the
High Court to a person to allow him to administer the estate of the
deceased who died without a will.
Liability - i. Legal responsibility to pay. ii. A financial
obligation or the cash outlay that must be made at a specific time
to satisfy the contractual terms of such an obligation.
Licensed Money Changers - Money changers licensed under the
Money-Changing Act 1998 by Bank Negara Malaysia.
Liquidity - This is the ease at which you can convert your assets to
cash at fair market value. Liquidity is an important consideration
especially for short-term investments as well as the ease to convert
to cash to finance expenditure.
Listed Large Capital Stock - Companies whose shares are listed on
Bursa Malaysia Securities Berhad with market capitalization of
generally above RM2 billion.
Listed Small Capital Stock - Companies whose shares are listed on
Bursa Malaysia Securities Berhad with market capitalization of
generally below RM750 million.
Loan Lock-in Period - This is the minimum period borrowers are
required to maintain their loans with banking institutions without
being subjected to any penalty.
Loan Tenure - Number of years taken to fully repay the loan
principal and interest as agreed under a specific repayment programme.
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