LLC

LLC may refer to:

Air transport

Computing

Other uses

IEEE 802.2

IEEE 802.2 is the original name of the ISO/IEC 8802-2 standard which defines Logical Link Control (LLC) as the upper portion of the data link layer of the OSI Model. The original standard developed by the Institute of Electrical and Electronics Engineers (IEEE) in collaboration with the American National Standards Institute (ANSI) was adopted by the International Organization for Standardization (ISO) in 1998, but it still remains an integral part of the family of IEEE 802 standards for local and metropolitan networks.

LLC is a software component that provides a uniform interface to the user of the data link service, usually the network layer. LLC may offer three types of services:

Conversely, the LLC uses the services of the Media Access Control (MAC), which is dependent on the specific transmission medium (Ethernet, Token Ring, FDDI, 802.11, etc.). Using LLC is compulsory for all IEEE 802 networks with the exception of Ethernet. It is also used in Fiber Distributed Data Interface (FDDI) which is not part of the IEEE 802 family.

Investor

An investor allocates capital with the expectation of a future financial return. Types of investments include: equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc. This definition makes no distinction between those in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns a stock is a shareholder.

Essential quality

The assumption of risk in anticipation of gain but recognizing a higher than average possibility of loss. The term "speculation" implies that a business or investment risk can be analyzed and measured, and its distinction from the term "investment" is one of degree of risk. It differs from gambling, which is based on random outcomes.

Investors can include stock traders but with this distinguishing characteristic: investors are owners of a company which entails responsibilities.

Types of investors

There are two types of investors, retail investors and institutional investors:

Investor AB

Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. At year-end 2013 it had a market value of 190.9 billion kronor (€21.4 billion, $29.4 billion), a discount to the Net Asset Value of 11.4%.

Quick facts

December 31, 2013 (in SEK m.)

History

In 1916, new legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. Investor was formed as an investment part of Stockholms Enskilda Bank, at the time the largest instrument of power in the Wallenberg family.

Investments

Core investments

Investor held shares in the following companies as of 31 December 2013:
Listed companies