Laws/Legal Terms - L
Labor Management Relations Act (LMRA) - (Legislation intended to control activities between companies and unions.)
Letter of Credit (L/C) - (bank document guaranteeing payment)
Letter of Intent (L/I) - (document indicating preliminary agreement)
Leveraged Buyout (LBO) - (company takeover using borrowed funds)
Leveraged Employee Stock Ownership Plan (LESOP) - (employee pension plan)
Limited (Ltd) - (British term for a corporation.)
Limited Liability Company (LLC) - (Business form that provides limited personal liability, as a corporation does. Alternative business organization available instead of a corporation.)
Limited Partnership (LP) -
Local Emergency Planning Committee (LEPC) - (local organization established to deal with chemical releases) (authorized by Emergency Planning and Community Right-to-Know Act - ECPRA)