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LocalA futures trader in the pit of a commodity exchange who buys or sells for his own account.LocalA futures exchange member who trades securities for his or her own account.Local Similar MatchesLocalizationLocalizationThe process of modifying software or Web pages to make them suitable for a particular country or geographical region. This might involve supporting the appropriate character set, translating text into the local language, etc. Local authority investmentLocal authority investmentA bond issued by a local authority in order to raise capital for its budget. DelocalizationDelocalizationAnother term for fragmentation. Used by Leamer (1996). Local expectations theoryLocal expectations theoryA form of the pure expectations theory that suggests that the returns on bonds of different maturities will be the same over a short-term investment horizon. State and local government series (SLUGs)State and local government series (SLUGs)Special nonmarketable certificates, notes, and bonds offered to state and local governments as a means to invest proceeds from their own tax-exempt financing. Interest rates and maturities comply with IRS arbitrage provisions. Slugs are offered in both time deposit and demand deposit forms. Time deposit certificates have maturities of up to one year. Notes mature in one to ten years and bonds mature in more than ten years. Demand deposit securities are one-day certificates rolled over with a rate adjustment daily. Further SuggestionsLocal expectations hypothesis (LEH)Local taxes local taxes Local authority searches Local content requirement Local optimum Local portal |
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