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Dictionary Starting with L

Liabilities

Obligations that a company owes to others

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Liquidity

The ability of a company to meet its short-term obligations

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Long-term Liabilities

Obligations that are due in more than one year

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Ledger

A book or computer program that contains all accounts and transactions of a business.

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LIFO/FIFO

LIFO (Last-In, First-Out) and FIFO (First-In, First-Out) are methods of inventory accounting, where LIFO assumes that the most recently acquired inventory is sold first, and FIFO assumes that the olde...

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Load balancing

A technique used to distribute website traffic across multiple servers, ensuring high availability and scalability.

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Load balancer

A device or software that distributes network traffic across multiple servers or resources to optimize resource utilization, increase availability, and prevent overload.

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Limerence

The state of being infatuated or obsessed with another person, typically characterized by feelings of euphoria and anxiety.

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Lassitude

A state of physical or mental weariness or exhaustion.

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Loquacious

Talkative or inclined to speak at length.

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Languid

Lacking energy or vitality, often used to describe something that is slow, relaxed, or dreamy.

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Labyrinth

A complicated irregular network of passages or paths in which it is difficult to find one's way; a maze.

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Laid

Past tense and past participle of "lay", meaning to put down, especially gently or carefully.

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Lament

A passionate expression of grief or sorrow.

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Landscape

All the visible features of an area of land, often considered in terms of their aesthetic appeal.

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Language

The method of human communication, either spoken or written, consisting of the use of words in a structured and conventional way.

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Latency

The state of existing but not yet being developed, activated, or visible.

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Latter

Situated or occurring nearer to the end of something than to the beginning.

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Laxative

A medicine or food that has a mild or strong effect in moving the bowels.

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Lead

A heavy, soft, bluish-gray metal, the chemical element of atomic number 82.

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Leader

The person who leads or commands a group, organization, or country.

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Lean

(of a person or animal) thin, especially healthily so; having no superfluous fat.

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Learning

The acquisition of knowledge or skills through study, experience, or being taught.

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Lease

A contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.

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Led

Past tense and past participle of "lead", meaning to guide or direct.

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Legacy

An amount of money or property left to someone in a will.

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Legislation

Laws or acts created by a governing body

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Lend

To give something to someone temporarily

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Leverage

The power to influence a situation to achieve a desired outcome

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Liability

Legal responsibility for something, such as a debt or injury

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Libel

A published false statement that damages a person's reputation

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Liberal

Favoring individual liberty and social progress

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Libertarian

Someone who believes in individual freedom and limited government

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Liberty

The state of being free within society from oppressive restrictions

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