Glossary 
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L
Liabilities - all claims against a corporation which include salaries, wages, dividends declared payable, accrued taxes payable
Lien - A legal hold or claim of one person on the property of another or security for a debt or charge. The right given by law to satisfy a debt.
Liquidity - In credit union terms, that portion of total assets not held in fixed assets and not loaned to members. These are the funds for which the credit union must make investment decisions.
Loan to Value Ratio - the relationship between the amount of a mortgage loan and the appraised value of the security, expressed as a percentage of the appraised value