Related Words

Term: The period of time during which loan payments are made. At the end of the loan term, the loan must be paid in full.

Long-Term Foster Care: The intentional and planned placement of a child in foster care for an extended period of time. After the goal of adoption has been explored and not selected, and relative options are not fe . . . View Full Definition

Long Term Liabilities: These usually refer to long term loans (ie. a loan which lasts for more than one year such as a mortgage).

Confidential Intermediary: State employee or trained volunteer sanctioned by the courts, who is given access to sealed adoption files for the purpose of conducting a search. A confidential intermediary may be hired by . . . View Full Definition

Long-Term Equity Anticipation Securities (LEAPS): These long-term options on stocks have expiration dates of up to three years rather than the shorter terms of most stock options, which are never longer than nine months. The benefit of LEAP . . . View Full Definition

Long-Term Care Insurance: Long-term care insurance is a policy designed to cover at least some of your expenses if you have a chronic but not life-threatening illness, long-term disability, or you are unable to live . . . View Full Definition

Level Term Insurance: With a level term life insurance policy, your annual premium remains the same for the term, which may be as long as 10 or 20 years. The death benefit also remains the same. If the policy is . . . View Full Definition

Midterm Exams (Midterms): During the middle of each semester, instructors may give mid-term exams that test students on the material covered during the first half of the semester. Some classes have only two tests, a . . . View Full Definition

Long-Term Capital Gain (Or Loss): When you sell a capital asset that you have owned for more than a year at a higher price than you paid to buy it, any profit on the sale is considered a long-term capital gain. If you sell f . . . View Full Definition

Termite Shield: A shield, usually of galvanized metal, placed in or on a foundation wall or around pipes to prevent the passage of termites.