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July 20, 2026 Article

Lending & Secured Finance 2026

Philipp Hagenbuch, Tracy Liu, Manoj Bhundia, and Daniel Seale, members of Latham's Banking & Private Credit Practice, discuss key insights into the ongoing development of covenant-lite structures in European leveraged finance. This article was first published in Global Legal Group’s ICLG - Lending & Secured Finance Laws and Regulations 2026.
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The Book of Jargon Series – Word of the Day®

The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.

Pending Civil Action

district court litigation involving the same patent pending in a PTAB Proceeding. Parties often seek a Stay of Litigation for a Pending Civil Action until the PTAB Proceeding concludes.

Word of the Day®

Occupancy Rate

a numerical value calculating the percentage of occupied or unoccupied units or rooms in a rental or hotel Property compared with the total available units. Occupancy Rate is based on the percentage of occupied units. See also Vacancy Rate.

Word of the Day®

Anode

the electrode (or electric conductor) from which electrons leave a system. In a rechargeable battery, the Anode is negatively charged when the device is being powered (galvanic mode) and positively charged when the battery is being recharged (electrolytic mode). In contrast, see Cathode.

Word of the Day®

Immunology

the science that deals with all aspects of the immune system, including the structure and function, disorders of the immune system and the humoral aspects of immunity and immune response.

Word of the Day®

Freemium

a pricing strategy that offers a basic version of a product to users for free with the goal of selling them additional features for a fee.

Word of the Day®

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