L
LBO - Leveraged Buyout (company takeover using borrowed funds)
L/C - Letter of Credit (bank document guaranteeing payment)
LEPC - Local Emergency Planning Committee (local organization established to deal with chemical releases) (authorized by Emergency Planning and Community Right-to-Know Act - ECPRA)
LESOP - Leveraged Employee Stock Ownership Plan (employee pension plan)
L/I - Letter of Intent (document indicating preliminary agreement)
LLC - Limited Liability Company
LMRA - Labor-Management Relations Act
LP - Limited Partnership
Ltd - Limited (British corporation)