HomeDefinitionsCompareDebt LocalThe financial definition for Local:A futures exchange member who trades securities for his or her own account. Similar MatchesLocal expectations hypothesis (LEH)Local expectations hypothesis (LEH)Theory that bonds similar in all aspects except maturity will have the same holding-period rate of return. Local expectations theoryLocal expectations theoryA form of the pure expectations theory that suggests that the returns on bonds of different maturities will be the same over a short-term investment horizon. Local taxesLocal taxesProperty, sewer, school, or other community paid to a locality. Local taxes are usually deductible for federal income tax purposes. Further SuggestionsState and local government series (SLUGs)Click to compare definitions of Local Click to view definitions beginning lo |