Leveraged Loan Index - LLI


DEFINITION of 'Leveraged Loan Index - LLI'

A market-weighted index that tracks the performance of institutional leveraged loans. By monitoring spreads and interest payments, the index can be a useful tool in gauging the health of the institutional loan markets.

BREAKING DOWN 'Leveraged Loan Index - LLI'

The most popular leveraged loan index was developed by Standard & Poor's and the Loan Syndications and Trading Association. This version of the leveraged loan index is a common benchmark and represents the majority of the institutional loan universe. It originated in 1997.

  1. Index

    A statistical measure of change in an economy or a securities ...
  2. Standard & Poor's - S&P

    The world's leading index provider and the foremost source of ...
  3. Leverage

    1. The use of various financial instruments or borrowed capital, ...
  4. Loan

    The act of giving money, property or other material goods to ...
  5. Loan Syndication

    The process of involving several different lenders in providing ...
  6. Weighted Average Market Capitalization

    A stock market index weighted by the market capitalization of ...
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