Linden Dollar

DEFINITION of 'Linden Dollar'

A digital currency utilized in the virtual world Second Life. Second Life was developed by Linden Lab and was launched in June of 2003. Users of the programs are called residents and they interact with other users through avatars. Residents can travel around the virtual world, socialize and participate in activities. In addition, residents can create and trade virtual property and/or services with other residents. The purpose behind Second Life is to allow users to become immersed in a virtual world through a user-created, community-driven experience.

BREAKING DOWN 'Linden Dollar'

Linden dollars (L$) can be used to buy, sell, rent or trade land, goods and services. Goods include cars, clothing, jewelry and buildings. Services include entertainment, camping and wage labor. Linden dollars fluctuate in value against the U.S. dollar. Linden dollars can be bought using U.S. dollars and certain other currencies on the exchange service provided by Linden Lab. The virtual economy reportedly has about one million active users as of 2011.

RELATED TERMS
  1. LindeX

    The online service created and run by Linden Lab that allows ...
  2. Virtual Good

    A good or product traded in the non-physical realm, typically ...
  3. Virtual Assistant

    An independent contractor who provides administrative services ...
  4. Resident Relative

    Spouses and relatives that an insured party shares a residence ...
  5. Nursing Home Resident Trust Fund

    An account in a nursing home that helps residents manage finances ...
  6. Principal Private Residence (Canada)

    The home in which a Canadian taxpayer or family maintains its ...
Related Articles
  1. Stock Analysis

    3 Social Media Networks Before Facebook (NASDAQ: FB)

    Understand the social media environment and the types of companies that found past success in the space. Learn why they eventually failed and Facebook didn't.
  2. Investing News

    Facebook Users Might Earn Money Via "Tip Jar" (FB)

    Facebook is considering a plan to allow users to earn money from its platform by using tipping jars and making sponsored posts.
  3. Stock Analysis

    Twitter Shares Drop on Disappointing User Numbers

    Twitter misses on user growth, a fact that has trumped its positive earnings results and an uptick in advertising revenue.
  4. Stock Analysis

    This Hated Stock Could Soon Be Worth Twice As Much

    Shares of Twitter (NYSE:TWTR) have been slammed lately after weak user growth and an inability to monetize its platform led investors to question the future. The big move in shares of the 14 ...
  5. Investing News

    Oculus Rift: Facebook Plans To Teleport You By 2025

    Facebook wants to teleport you to your choice location with your friends. How does the social network plan to achieve this amazing feat?
  6. Stock Analysis

    Twitter: A Company in Search of a Turnaround Story (TWTR)

    Will Twitter's most recent earnings report bring good news to the company's investors?
  7. Retirement

    5 Ways to Protect Pensions from Nursing Homes

    How to safeguard a patient's funds from shady or unscrupulous staffers.
  8. Stock Analysis

    Twitter Vs. Facebook Vs. Instagram: Who Is the Target Audience? (TWTR, FB)

    Learn why Facebook, Twitter and Instagram each appeal to different target markets of the 1 billion users of social networks worldwide.
  9. Investing News

    Why Facebook Users May Have To Wait For VR (FB)

    Facebook announced the formation of a social VR team yesterday. But, Facebook users will have for their shot at an alternate reality.
  10. Home & Auto

    Tax Breaks For Second-Home Owners

    The tax rules on a second home vary, depending on how the property is used.
RELATED FAQS
  1. If I haven't realized capital gains from selling a primary residence in the last ...

    My husband and I owned a home, sold it in 2013, and now we are considering buying a home but are uncertain of whether we ... Read Answer >>
  2. What countries represent the largest portion of the global Internet sector?

    Learn which countries are most likely to impact the growing Internet sector based on recent user growth and largest populations ... Read Answer >>
  3. Is it possible to make my primary residence in FL (I currently live in NY) if I have ...

  4. How do Internet companies profit if they give away their services for free?

    Learn how companies in the Internet sector make a profit when service, content and user applications are offered at no cost ... Read Answer >>
  5. What metrics are commonly used to evaluate companies in the internet sector?

    Discover the best metrics to evaluate Internet companies. Internet companies are unique in that their costs are low but potential ... Read Answer >>
  6. Do we have to pay capital gains tax on the sale of our property?

    We owned our primary residence for 3 years and recently sold it.  ... Read Answer >>
Hot Definitions
  1. Reverse Mortgage

    A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage ...
  2. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  3. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  4. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  5. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  6. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
Trading Center