Business Abbreviations

L/A

Letter of authority

L. & D., l. & d.

Loans and discounts, loss and damage

L.b.

Long bill

LBO

Leveraged buyout

L/C, l/c

Letter of credit

LC

Deferred cable

L.c.l.

Less than carload

LDC

Less developed country

Ld. Gt.

Land grant

Led.

Ledger

L.F.

Ledger folio

LIBOR

London Interbank Offering Rate

LIFO

Last in, first out

Ln.

Lien

Loco.

On the spot

LPA

Loan Production Office

L.S.

Locus sigilli (place for seal)

Lshld

Leasehold

L.t.

Long ton

Ltd.

Limited

L. tn.

Long ton

Ltr.

Letter