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. Virtual Good

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

    An independent contractor who provides administrative services ...
  3. Principal Private Residence (Canada)

    The home in which a Canadian taxpayer or family maintains its ...
  4. Network Effect

    A phenomenon whereby a good or service becomes more valuable ...
  5. Virtual Office

    A business location that exists only in cyberspace. A virtual ...
  6. Facebook Credits

    Virtual currency (currency used only on the internet) that can ...
Related Articles
  1. Markets

    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. Insights

    3 Ways Companies Profit From Virtual Goods

    A report released in late 2011 predicts that the market for virtual goods will reach $2.9 billion this year.
  3. Personal Finance

    The Virtual Market: What We're Buying And How Much We're Spending

    Whether it's shoes for an avatar or a whole space station, the online market in virtual goods is bigger than you think.
  4. Personal Finance

    Bitcoin Tax Guide: Trading Gains And Losses - Alt-Currencies

    The IRS may have been intentionally vague with its very definition of taxable virtual currencies to avoid burdening domestic miners with tax-reporting requirements for other fledgling cryptocurrencies ...
  5. Markets

    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.
  6. Investing

    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 ...
  7. Professionals

    Facebook's Future Technologies

    Facebook is expanding its operations to include a some cool, futuristic technologies.
  8. Markets

    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?
  9. Retirement

    5 Ways to Protect Pensions from Nursing Homes

    How to safeguard a patient's funds from shady or unscrupulous staffers.
  10. Markets

    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.
RELATED FAQS
  1. Is it possible to make my primary residence in FL (I currently live in NY) if I have ...

  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. 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 >>
  4. Do I have to pay capital gains tax when I sell my home?

    My husband and I were divorced in 2011. We owned our house jointly and he lived there after the divorce until his death in ... Read Answer >>
  5. Do we have to pay capital gains tax?

    My wife and I are 83 years old. We will sell our home for about $400,000. Will we pay capital gains tax when moving to an ... Read Answer >>
  6. 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 >>
Hot Definitions
  1. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  2. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  3. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  4. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  5. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
  6. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is ...
Trading Center