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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z _
Large Cap Stocks
Stock of corporations with large capitalization. Large cap stocks typically have outstanding market value of $5 billion or more.
 
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Leased Employee
An employee who performs services for a YMCA under a contract between a leasing organization and the YMCA.
 
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Liabilities
The present value of future benefit distributions as determined by the actuary.
 
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Liquid Securities
Stocks, bonds and short-term instruments that can easily be converted to cash.
 
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Local Plan Administrator
An employee of a local YMCA who is responsible for processing Retirement Plan enrollment for eligible employees, and contributions for the local staff.
 
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