Similar financial terms
ElasticityThe percentage change in one variable given a 1% ceteris paribus increase in another variable
Price elasticity
The percentage change in the quantity divided by the percentage change in the price.
Option elasticity
The percentage increase in an option's value given a 1% change in the value of the underlying security.
LIFO (Last-in-first-out)
The last-in-first-out inventory valuation methodology. A method of valuing inventory that uses the cost of the most recent item in inventory first.
Last-In-First-Out (LIFO)
A method of valuing inventory that uses the cost of the most recent item in inventory first.
Last trading day
The final day under an exchange's rules during which trading may take place in a particular futures or options contract. Contracts outstanding at the end of the last trading day must be settled by delivery of underlying physical commodities or financial instruments, or by agreement for monetary settlement depending upon futures contract specifications.
Last split
After a stock split, the number of shares distributed for each share held and the date of the distribution.
