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European Union (EU) Acronyms

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L

LDC - less developed country (country whose state of economic development is characterized by a low national income, a high rate of population growth and unemployment, and dependence on commodity exports)

LEI - Leading Economic Indicators (major measures of economic performance used to forecast the ups and downs of the business cycle)

LIBOR - London Interbank Offered Rate (rate major banks in London pay to borrow Eurodollars - key rate in international bank lending)

LIEI - Legal Issues of European Integration

LIMEAN - London Interbank Median Average Rate

LQR - Law Quarterly Review

LS - Legal Studies

LTCM - Long-Term Capital Management (hedge fund)

LTRO - Long Term Refinancing Operations (mechanismd used by the European Central Bank (ECB) involving lending to banks of fixed rate assets or terms)