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Local Lyapunov exponents are defined like global Lyapunov exponents but without taking the long-time limit $t\to\infty$, so they retain more spatial/local information about stretching.

Conditions: Comparison is with global Lyapunov exponents; The limit $t\to\infty$ is omitted

Local Lyapunov exponents are defined like global Lyapunov exponents but without taking the long-time limit $t\to\infty$, so they retain more spatial/local information about stretching.

Conditions: Comparison is with global Lyapunov exponents; The limit $t\to\infty$ is omitted