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LDD :
Legal entity :

Group of individuals that is recognised as having a different legal personality from that of its members and is a legal person. (A distinction is made between public legal entities [central government, departments, communes, regions, public institutions] and private legal entities [companies, syndicates, professional bodies, associations]). 

 

Source: Larousse

LEP :
Life insurance policy :

Contract by which the insurer makes a commitment, in return for the payment of contributions or premiums, to pay to the policyholder, the subscriber or his/her designated beneficiaries a lump-sum payout or an annuity in the event of the death or survival of the policyholder, based on the terms and conditions defined in the policy.

Life insurance policies are subject to a specific tax regime. Policies may be issued to an individual or a group. 

 

Source: Banque de France

Liquidator :

Trustee appointed by the court in proceedings involving the court-supervised reorganisation or liquidation of a company

 

Source: Larousse

Livret Bleu savings account :

Regulated savings account available in the Crédit Mutuel network. As of 1 January 2009, it is no longer possible to open a Livret Bleu account. However, accounts existing as of that date remain in effect. A Livret Bleu account is similar to a type ‘A’ account. A person may not have a type ‘A’ account and a Livret Bleu account at the same time.

 

Source: Banque de France

Livret Développement Durable or LDD savings account :

Regulated savings product available only to individuals whose tax residence is in France. The funds deposited are available at any time. An LDD account has an unlimited term. However, it may be closed at any time by the account holder. Only one LDD account may be opened per taxpayer plus one for his/her spouse. The interest paid on an LDD account is tax-exempt. The maximum amount that can be deposited into an LDD account is €12,000.

 

Source: Banque de France

Livret d’Epargne Populaire or LEP savings account :

Regulated savings product available only to individuals whose tax residence is in France and whose income tax does not exceed an amount which is revised each year. The funds deposited into an LEP are available at any time. The term of an LEP is unlimited so long as the tax ceiling requirement is met. However, it may be closed at any time by the account holder. Only one LEP account may be opened per taxpayer plus one for his/her spouse. Children included in the tax household may not hold this type of account. The interest paid on an LEP account is tax-exempt. The maximum amount of deposits is €7,700.

 

Source: Banque de France

Livret Jeune savings account :

Regulated savings product available only to individuals aged 12 to 25 who reside in France. For those under age 16, withdrawals from a Livret Jeune account must be authorised by their legal representative. A Livret Jeune account is closed by no later than 31 December following the account holder's 25th birthday and the credit balances are transferred to another account designated by the account holder. The interest paid on a Livret Jeune account is tax-exempt. The interest rate is set by the credit institutions and may not be lower than the type ‘A’ rate.

The maximum amount of deposits is €1,600.

 

Source: Banque de France