L -
Leading Indicators - Statistic that are considered to precede changes in economic growth rates and total business activity, e.g. factory orders.
Liability - In terms of foreign exchange , the obligation to deliver to a counterparty an amount of currency either in respect of a balance sheet holding at a specified future date or in respect of an un-matured forward or spot transaction.
Limit order - An order to buy or sell a specified amount of a currency at a specified price or better.
Liquidation - Any transaction that offsets or closes out a previously established position.
Liquidity - The ability of a market to accept large transactions.
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