A mortgage in which the borrower repays only the interest on the loan to the lender, but at the same time puts regular sums into a personal equity plan (PEP). When the PEPs mature they are used to repay the capital. The PEP mortgage is similar to an endowment mortgage, except that the PEP mortgage does not provide any life-assurance cover and that PEP funds are untaxed.

• London Fox
• London Inter Bank Bid Rate
• London Inter Bank Currency Options Market
• London Inter Bank Mean Rate
• London Inter Bank Offered Rate
• London International Financial Futures and Options Exchange
• London International Insurance and Reinsurance Market Association
• London Metal Exchange
• London rules
• London Securities and Derivatives Exchange
• London Stock Exchange
• London Sugar Futures Market
• London Traded Options Market
• London Underwriting Centre
• long-dated forward
• long-dated gilt
• long-funded
• long hedging
• long position
• longs
• long-term bond
• long-term contract
• long-term debt
• long-term equity anticipation securities
• long-term liability