L
LA - liquid asset (cash or asset which can quickly be converted to cash - marketable securities)
LAN - Local Area Network (communications network serving users in a relatively small geographic area - building, office complex)
LBO - Leveraged Buyout (takeover of a company, using borrowed funds)
L/C - Letter of Credit (document issued by a bank guaranteeing payment of a customer's drafts up to a stated amount)
LC - life cycle (series of stages that characterize the course of existence of an organizational investment - product, project, program)
LCC - life cycle cost (cost of an asset from acquisition to retirement/cost of a system/product from design to obsolesence)
LCE - London Commodity Exchange (merged with the London International Financial Futures and Options Exchange (LIFFE) in 1996 )
LCM - lower of cost or market (accounting principle that inventory should be valued at the lower of cost to product, to repurchase, or its market value)
LCP - Link Control Protocol (wide area network protocol used when establishing, configuring, and testing a data link connection)
LDAP - Lightweight Directory Access Protocol (protocol providing means of accessing a network directory - equivalent to using a phone book - a network directory lists resources and users - workstations, servers, printers)
LDC - less developed country (country that is not fully industrialized or is without a sophisticated financial or legal system)
LEAP - Lightweight Extensible Authentication Protocol (Cisco password-based authentication framework)
LEAPS - Long-Term Equity AnticiPation Securities (long-term equity options traded on exchanges, with a two to five-year expiration date)
LEI - Leading Economic Indicators (economic components/measures of business activity used to forecast the ups and downs of the business cycle)
LESOP - Leveraged Employee Stock Ownership Plan (situation where employee pension/profit-sharing plans borrow money to purchase stock in the company)
LEXIS - Legal Exchange Information Service
LGAP - Lady Godiva accounting principles (set of accounting principles requiring disclosure of all information, even if not required under GAAP)
L/I - Letter of Intent (any letter expressing intention to take (or not take), an action - preliminary agreement)
LIBOR - London Interbank Offered Rate (rate that international banks charge each other for large loans)
LIFFE - London International Financial Futures andd Options Exchange
LIFO - Last In, First Out (inventory accounting method for determining cost of goods sold using the cost of most recent purchases)
LIFO - last in, first out (computer processing method of reading/writing instructions from the top/last instruction, of a memory stack (list of instructions) )
LISBOR - Lisbon Interbank Offered Rate (rate that international banks charge each other for large loans)
LISH - last-in, still here (same as first-in, first-out - accounting method of valuing inventory/cost of goods sold using earliest costs to vlue items coming out of inventory)
LLC - Limited Liability Company
LLC - Logical Link Control (component of packet assembly dealing with flow control/error checking before data transmission)
LME - London Metal Exchange (base metals market trading)
LOC - Letter of Credit (document issued by a bank guaranteeing payment of a customer's drafts up to a stated amount)
LP - Limited Partnership (organization made up of a General Partner and limited partners (investors) )
LP - linear programming (method for determining the optimal allocation of scarce resources to alternative activities)
LRA - lagged reserve accounting (accounting procedures to determine a bank's weekly cash reserves)
LRIC - long run incremental cost
LRMC - long run marginal cost
LSE - Lisbon Stock Exchange
LSE - London Stock Exchange
LT - latest time (latest time an activity can be completed without extending the completion time of the project)
LTC - loan-to-cost (ratio of the price paid for a property to the value of the loan that will finance the purchase of the property)
Ltd - Limited company (British corporation)
LTD - long-term debt (debt maturing in more than one year)