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In context with the Banking & Finance terminology what is the expansion of LTV.
Liquidity Term Value
Long Term Validity
Loan to Variable
Loan to Value
Legal Term Variable
- Liquidity Term Value (Option 1): Not a standard term in banking or finance. Liquidity refers to how quickly assets can be converted to cash.
- Long Term Validity (Option 2): This phrase is not used in a banking or finance context, but generally means something remains effective over an extended period.
- Loan to Variable (Option 3): This does not refer to any known standard banking term. Variables can change, unlike the concept of a fixed ratio in LTV.
- Loan to Value (Option 4): This is the correct expansion for LTV. It measures the ratio of a loan to the value of an asset, often used in mortgages.
- Legal Term Variable (Option 5): Not a standard term in banking. Legal terms are fixed within contracts, unlike the variable financiers deal with.
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