Land

Land owned for productive use is referred to as a fixed asset account (not subject to depreciation due to its un-wasting nature) and is listed under the equipment, land, and plant subheading in a balance sheet. It is recorded at…

Launch strategy

A product launch strategy defines several stages of the launch including development, internal testing, external testing, objective and goal setting, positioning, excitement building and event timing.

Lead-time

Number of minutes, hours, or days that must be allowed for the completion of an operation or process, or must elapse before a desired action takes place. See also manufacturing lead time.

Leapfrog

Automatic increase (or claims for increase) in pay for a group of employees on the grounds of maintaining pay parity or differential with another group of employees who have won a pay increase.

Learnings

New knowledge gained from a given experience.

Legs

If something has ​legs, it can ​continue to ​exist and be ​successful

Levelset

A nice corporate-sounding term bandied around in meetings that simply means “get everyone on the same page” or “bring everyone up to speed” so they all have the same basic understanding of a situation or project.

Liability

Anything for which a company is legally bound or obligated, as to make good any loss or damage that occurs in a transaction

Line Item

An entry that appears on a separate line in a bookkeeping ledger or a fiscal budget.

Lock Step

At the same ​time and same ​rate as: rise/fall/move in lockstep Gold ​prices don’t tend to ​rise or ​fall in lockstep with those for ​stocks and other ​financial ​assets. ​Agreeing completely with someone: The Senator seems to be in lockstep…

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