Laundering
The illegal process of using another company's merchant account to process your own company's credit card transactions. Laundering may lead to heavy fines or other penalties.

Leverage
Using credit or borrowed funds to expand the potential gains of a company, while assuming a risk of greater losses.

Lien
The legal right of a creditor to hold or sell the property of a debtor to secure or pay off a defaulted debt or duty.

Line of Credit
A commitment from a financial institution, such as a bank or other creditor, to lend a specified amount of money, during a certain period of time, to another company or business.