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Lifetime Expected Credit Loss
Expected credit loss over the instrument's full remaining life.
Liquidation Premise
Valuing assets on the basis that the business will be wound down.
Liquidity Discount
A reduction for limited ability to sell quickly.
Loss Given Default (LGD)
The percentage expected to be lost after a default.
Maintenance Capital Expenditure
Spending needed to keep current operations running.
Majority Interest
An ownership stake that usually carries voting control.
