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limited company (L2)<br />A firm owned by shareholders whose liability is limited to the amount of capital subscribed. Since the mid-nineteenth century this has been a powerful means of financing large firms. The extent to which this form of organization is used varies from country to country. In Germany, for example, as it is viewed with suspicion, very few companies are limited liability and public. The development of SECONDARY MARKETS in unlisted securities has encouraged the movement to limited liability.<br /><em>See also:</em> joint stock company; Unlisted Securities Market
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North American Free Trade Area (F1)<br />An extension of the US-Canada Free
<strong>LTH</strong> – Less than half time, an enrollment status indicating the student is carrying less than a half-time academic workload, as determined by the school. Students who are less than half time are not eligible to borrow FFEL Program loans.
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