Long term investment
An investment which generally matures in more than five years.
Lock-up
A provision in the underwriting agreement between an investment bank and existing shareholders that prohibits corporate insiders and private equity investors from selling at the time of the offering.
Listed property
Constitutes shares in property companies or units in property trusts listed on the Australian Stock Exchange. Examples are Centro Properties Limited and the Westfield Trust.
Liquidity support vehicle
Mechanism that allows investors in illiquid assets to quickly convert their holdings into cash if they wish.