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.