| LAN |
A Local Area Network comprises two or more computers linked together within an office or building, enabling data to be shared or transferred between them. |
| Laptop |
A portable PC that is compact enough to be used while sitting on your lap and can can be powered by batteries so that it can be operated in any location. |
| LCD |
Liquid Crystal Display technology consists of two sheets of optical material, such as glass, sandwiching a layer of dense liquid, which emits light when an electric current is channelled through it. Lightweight and with a low energy requirement, LCD technology is often used in screens for battery operated portable or laptop PCs as well as in projectors for visual presentations. |
| Letterhead |
Paper used for business correspondence pre-printed with a company's contact details and logo. |
| Limited company |
A business incorporated as a company with limited liability. |
| Lineage advertising |
Advertisements in text with no graphics - often charged by the word. |
| Liquidity |
Describes the extent to which a company's assets can be readily converted into cash, eg to pay debts. |
| Logo |
A symbol designed to represent a business, often incorporating its name. |
| London Stock Exchange |
The London Stock Exchange provides services to enable the raising of capital and trading of shares. Many countries have their own stock exchanges and the London Stock Exchange is a world leader. Visit the London Stock Exchange web site at www.londonstockexchange.com for further details. |
| Loss leader |
Goods sold deliberately at a loss in order to attract customers to buy other goods from the same business. |
