|Lead manager||Leader of the consortium in the case of an issue (banks, brokers).|
|Legal investments||Cover fund of the issuer (i.e. debtor) in favour of the Republic of Austria. Bonds that are considered eligible investment such as collateralised bonds, government bonds, mortgage bonds, and municipal bonds (i.e. public mortgage bonds).|
|Leverage (effect)||The leverage effect is a multiplying effect. The investor (e.g. of options and futures) can fully participate in the price movements of the underlying at only a fraction of the capital invested (in comparison with the investment in the underlying, e.g. shares). The leverage indicates at what rate the warrant reflects the price movements of the underlying instrument.|
|Limit||Maximum/minimum accepted price for buying/selling on the stock exchange.|
|Liquidity||Quickly disposable money.|
|Loss||Difference between the purchase price and the lower sales price.|
Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).
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