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.

BREAKING DOWN '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. Second Life Economy

    The Second Life economy is a vibrant marketplace where virtual ...
  2. Principal Residence

    The main home that a person inhabits and uses for the majority ...
  3. User Fee

    A user fee is a sum of money paid in order to gain access to ...
  4. Nursing Home Resident Trust Fund

    A nursing home resident trust fund helps residents manage finances ...
  5. Social Data

    Social data is information that social media users publicly share, ...
  6. Credit Card Authorized User

    Definition of an authorized user of a credit card.
Related Articles
  1. Small Business

    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.
  2. Financial Advisor

    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.
  3. Small Business

    What Is Facebook’s Advantage Over Other Social Media? (FB)

    Discover the elements that define Facebook, which boasts 1.6 billion users who cement the company as the world's top social media outlet.
  4. Investing

    Abbott Labs Stock Trades Ex-Dividend Wednesday

    Abbott Labs will send its dividend payment on Feb. 15 to shareholders of record as of Jan. 13.
  5. Investing

    Why Facebook Will Never Charge User Fees (FB)

    Understand why Facebook is unlikely to ever charge users; the site's business model of leveraging free users to charge advertisers is highly profitable.
  6. Investing

    Is the Twitter Business Model Broken? (TWTR)

    Understand what Twitter is and how it seeks to increase its user base as well as its quarterly revenue. Learn whether its business model is broken.
  7. Investing

    How Facebook, Twitter, Social Media Make Money From You

    If you’re not paying for the product, the product is you. That's a truism that's especially suited for social media and its foundation for generating revenue.
  8. Investing

    Social Media Will Soon Hit 2.5B Users: eMarketer

    Social media usage is forecast to jump more than 8% this year to 2.46 billion users worldwide.
  9. Investing

    Snap Slides to New Lows on Disappointing Earnings and Slowing User Growth

    Sellers send SNAP to less than half of its IPO price, fearing competition from larger tech giants.
  10. Investing

    Snap Needs a Strong 2Q to Stop Its Free Fall

    Edge of the Abyss: Snap's stock could plunge further if it fails to deliver
Hot Definitions
  1. Market Capitalization

    Market Capitalization is the total dollar market value of all of a company's outstanding shares.
  2. Capital Asset Pricing Model - CAPM

    Capital Asset Pricing Model (CAPM) is a model that describes the relationship between risk and expected return and that is ...
  3. Return On Equity - ROE

    The profitability returned in direct relation to shareholders' investments is called the return on equity.
  4. Working Capital

    Working capital, also known as net working capital is a measure of a company's liquidity and operational efficiency.
  5. Bond

    A bond is a fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows ...
  6. Compound Annual Growth Rate - CAGR

    The Compound Annual Growth Rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer ...
Trading Center