LindeX

AAA

DEFINITION of 'LindeX'

The online service created and run by Linden Lab that allows users to trade Linden dollars (L$) for United States dollars and vice versa. Users who use LindeX utilize Linden dollars to buy, sell, rent or trade land, or goods and services within the online community Second Life. Residents, who are the users of the game, can create and trade virtual property and/or services with other residents or convert their Linden dollars to USD.

INVESTOPEDIA EXPLAINS 'LindeX'

The money that is traded on LindeX is constantly monitored and evaluated by Linden Lab to generate economic statistics of the virtual world. LindeX is essentially an exchange where users called residents can trade and exchange Linden dollars with other residents; users do not trade directly with Linden Lab.

RELATED TERMS
  1. Black Market

    Economic activity that takes place outside government-sanctioned ...
  2. Black Economy

    The segment of a country's economic activity that is derived ...
  3. Centralized Market

    A financial market structure that consists of having all orders ...
  4. Decentralized Market

    A market structure that consists of a network of various technical ...
  5. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  6. USD

    In currencies, this is the abbreviation for the U.S. dollar. ...
Related Articles
  1. Options & Futures

    Shopping Online: Convenience, Bargains And A Few Scams

    Shopping from the comfort of your couch has major benefits - and some unpleasant side effects.
  2. Chart Advisor

    Profit From Holiday Spending With This ETF

    As Americans finish purchasing the last of their holiday gifts, the consumer discretionary sector will continue to be one of the primary beneficiaries.
  3. Budgeting

    What are the pros and cons of digital gift cards (e-gift cards)?

    Examine the pros and cons of gift cards. Learn about protection in case of loss, monitoring spending by teens and wasted small balances.
  4. Forex Education

    Are Downside Tusuki Gap patterns important when trading forex pairs?

    Find out why forex traders use candlestick charting for currency pairs, and learn how the Downside Tasuki Gap pattern can be spotted for short-term gains.
  5. Savings

    What causes negative inflation or deflation?

    Find out what deflation is, what causes it, how it hurts the economy and how it can lead to a worsening cycle of deflation that is hard to break.
  6. Savings

    How can inflation be good for the economy?

    Find out why some economists and public policy makers believe that inflation is a good, or even necessary, phenomenon to help economic growth.
  7. Savings

    What is the difference between an in-store and an online payday loan?

    Learn important differences between online and in-store payday loan companies. Explore different charges made by companies and assess their value.
  8. Savings

    What are some examples of common credit card reward program benefits?

    Learn about different benefits available to credit card holders including cash back, air travel miles, introductory rates, discounts on purchases and more.
  9. Savings

    What transactions cannot be made using prepaid credit cards?

    Find out about the transactions that are restricted when you use a prepaid credit card, and find out about other ways to use a prepaid card.
  10. Savings

    Can I use a prepaid credit card to pay bills or to transfer money to other accounts?

    Learn how prepaid credit cards enable convenient bill payments and transfers. Explore different fees charged for such transactions.

You May Also Like

Hot Definitions
  1. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  2. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  3. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  4. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  5. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  6. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
Trading Center