Liquid Crystal Display: An LCD television or monitor uses liquid crystals that act as 'shutters' within the television screen. An LCD television has thousands of small light sources at the rear of the display. A layer of cells containing the liquid crystals is placed between the light sources and the display screen. When the liquid crystal cells are electrified with current, the crystals align and block any light from shining through, or scatter allowing the light to shine through to the screen. LCD monitors typically only display video signals in a progressive scan format. LCD monitors do not use phosphors and are not susceptible to screen burn.

 

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Liquid Crystal Display: An LCD television or monitor uses liquid crystals that act as 'shutters' within the television screen. An LCD television has thousands of small light sources at the rear of the display. A la . . . View Full Definition

Liquidity Theory Of The Term Structure: A biased expectations theory that asserts that the implied forward rates will not be a pure estimate of the market's expectations of future interest rates because they embody a liquidity premium.

Liquidity Risk: The risk that arises from the difficulty of selling an asset in a timely manner. It can be thought of as the difference between the 'true value' of the asset and the likely price, less commissions.

Liquidus: The lowest temperature at which a metal or an alloy is completely liquid.