LindeX
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 Definitions
Articles Of Interest
-
Shopping Online: Convenience, Bargains And A Few Scams
Shopping from the comfort of your couch has major benefits - and some unpleasant side effects. -
The Economics Of Stay-At-Home Moms
If an at-home mom was getting paid for all of the work she does, how much would she get? -
Best Valentine's Day Gifts For Your Man That Are Under $20
These inexpensive products make good gifts for the man in your life. -
Best Valentine's Day Gifts For Women That Are Under $20
Clichés are clichés for a reason. Sometimes the most clichéd gift can actually be an ideal one. -
Most Wasteful Valentine's Day Gifts
Cards, candy and flowers are all wasteful gifts. You'd be better off spending your money more wisely. -
Understanding The Difference Between Spending And Investing
Learn more about the difference between investment and spending, and why it is an important distinction to make. -
Top 4 Consumer Myths
Find out which myths are still entrenched in our collective consciousness. -
What Is "Chained CPI?"
Chained CPI is one of many ways to approximate the impact of rising or falling prices to consumers' pocketbooks. -
Forex Market Sentiment Indicators
Sentiment Indicators are another tool that can alert traders to extreme conditions. -
Most Expensive States To Raise A Child
Planning a family in one of these 5 states? You may be surprised to learn that they're the most expensive states to raise a child.
Free Annual Reports