Glossary

Late Payment Ledger Legal Assignment Legal Risk Lender of Last Resort Lending Policy Letter of Credit Leverage Liability LIBOR Lien Limited Recourse Line of Credit Liquidity Liquidity Risk Loan Agreement Loan Classification Loan Commitment Loan Concentration Loan Covenant Loan Origination Loan Portfolio Loan Sale Loan Security Loan Servicing Loan Spread Loan Status Loan Structuring Loan Syndication Loan Term Loan Underwriting Loan Workout Loan-to-Value Ratio Lockbox Service Loss Given Default Loss Mitigation Loss Payee Loss Ratio Loss Reserve LTV Ratio