League Table. An approach commonly used in the public health literature for comparing rank-ordered outcomes—often in the form of cost-effectiveness ratios—across similar interventions.
Leapfrogging. The movement of urban development from metropolitan areas to nonmetropolitan areas as a result of government influence on decentralization.
Legal Permanent Resident. A green card holder who has been admitted to the U.S. to live here, but is not yet a citizen.
Loan Flipping. Repeated refinancing of an existing loan to generate additional fee income. This practice results in high fees, including prepayment penalties, that strip the equity in the borrower's home.
Low-Income Housing Credit. A tax credit given to investors for the costs of constructing and rehabilitating low-income housing. A limited amount of credits is allocated to state housing agencies, which distribute the credits to qualifying projects.
Lump-sum Payments. A one-time payment typically representing the current, full value of an account such as the payout from an Individual Retirement Account or pension plan.