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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z New
Latency is the delay. It is the time between an action and reaction. In technology, latency is one of the key indicators of the quality perceived by the user.
Life situation is the term that the public sector uses to the specific situation of a citizen or company (business) which uses some public services.
Lead (sometimes Qualified Lead, Qualified Prospect) is the designation for a potential customer, who showed a particular interest in a particular business proposition.
Leverage is an economic term for the effect, when the investor trades in the financial market not only with his own capital, but especially with the use of additional foreign capital.
The Level of Education is the level of education aquired by a person in his or her life time.
Learning organization is a concept that was first formulated by Chrys Argyris and Donald Schon. It is a theory of how the organization should work to achieve a balance between individual initiative and creativity on the one hand, and the rules and regulations on the other. In addition, the organization tries to align individual and team performance.
Leasing is a type of financial service that belongs to the category of foreign sources of funding.
Legislation is a term that has four meanings: Legislative Power, Law of the State, Legislative Process and Legislative Assembly. Legislation of modern democratic rule of law (in all four meanings) is based on the concept of the public power.
Levels of hierarchy is a term that characterizes the number of degrees of organizational units within the organizational structure of the organization.
Lead Management is a term to describe the entire process of new customer acquisition.
Legal Person (or just a Person) is a legal term comprising any human or non-human entity (company, association, state organization, etc.) having its rights and obligations.
Long Term Investments (LTI) is a subgroup of assets which constitutes a financial shares of the organization in other subjects, they are usually securities (shares, bonds) or a variety of financial derivates that the organization purchased as its long-term investment.
Language is a system of stable symbols and rules used to communication and understanding.
Law is a set of rules, legal norms (orders, prohibitions and permissions) by which the community (state, country, union, etc.) regulate or reinforce the required behavior and mutual relations of members, people and legal entities.
LAN (Local Area Network) is a network within buildings, offices, homes or companies. It consists of connected devices, distribution of a signal (usually a cable or over the air via wifi) and of active components (most important is router).
Levies are compulsory payments, like taxes that are collected by the state or other government authorities. Example of levies is a social or health insurance paid to the government.
Lifelong learning is a continuous and lifelong effort to acquire new knowledge and skills based on personal motivation.
Lump sum payment is a single payment of money, the amount of the payment is pre-determined and known.
Linkbaiting is one of the techniques of search engine optimization on the web. Its aim is to bait the people to make links to that website. The goal is to increase traffic and building backlinks.
Language literacy is one of the higher forms of basic literacy and it is an ability to read and write in a foreign language. Language literacy is the ability to communicate in a different language other than the native language. Sometimes the concept of language literacy is used for the ability to speak a world language.
The lifetime of the project is the length of time that the subject matter of the project is functional and retain the required properties.
Landing page is a page which is the very first visited by website visitor. It may be a main page and also any other page (eg. particular product page).
Logical framework of human resources management includes all personnel activities.
Liabilities is a term which refers in a broader sense, all capital of the enterprise (own and foreign sources), in the narrower sense (e.g. in Anglo-Saxon countries) is a term used only for liabilities from which its assets are funded.
Literacy is a term used for a person's ability to read, write and count. Literacy is the ability to understand and focus on the text, the ability to sign and the ability of basic numbers.
Logistics deals with the flows of goods, money and information between both the supplier and the customer, as well as within individual companies, including various systems of inventory storage.
LASER light is amplified and stimulated emission of radiation. The beam of laser light is streamlined and very narrow. The word laser is an acronym for Light Amplification by Stimulated Emission of Radiation.
Lower management addresses operational, everyday tasks directly with employees. It is the lowest level of organization management, such as the project team leader.
Lombard Loan is a term that refers to a short-term loan secured by a movable collateral (especially securities, jewelry, precious metals or rights).
Linear organizational structure is one of the types of the formal organizational structure. Each superior has clearly assigned subordinates and each subordinate has clearly assigned superior.
Leadership is a management style that emphasizes a vision and is build on the ability of leaders to stimulate, inspire, lead and motivate people through determining the direction and the vision.
Liquidity is an economic term that refers to the ability or the possibility of asset (property) sales in the financial market without affecting the decline in their prices during the sale. The term liquidity may also reflect the enterprise's ability to convert its assets to cash to cover in time, in the required form and required place, all debts.
Labor market is a term that refers to an imaginary space where there is a conflict of labor supply, i.e. people, their skills, capacities, eligibility and qualifications, and demand from the employers.
A license is permission to perform something or be able to use something.
LIBOR (London Interbank Offered Rate) is the interbank interest rate at which banks provide loans on the London interbank market.
Laws or legislation are documents issued unilaterally by public authorities and regulates the behavior and action of people, companies and other entities in a given country or state. These may be laws, decrees, directives, regulations, and so on.
The loan is a provision of cash or something else for a predetermined period of time.
Local business means any company that provides goods or services to a local population using local resources.
Loyalty means willingness of individuals or groups of individuals to respect the commitments, pledges and agreements against the party, bosses, to the organization, institution or beliefs.
Legislative risks in risk management, is a term that refers to the risks associated with legislative regulation of business.
Late majority is a designation of conservative types of people by the Diffusion of innovation theory, who receive the innovation after it is approved and witnessed by the majority, because they do not like to accept changes.
Lifetime is the time period for which the thing is used or is working. It is a key parameter of the obsolescence.
Labor is a term indicating purposeful, efficient and useful human activity that with the help of other factors of production (or material resources, information and knowledge) produces products or services.
Local government is part of the public administration and the country or state government. It is the regional authority (e.g. City or regional government) usually with some level of autonomy.
Learning is the process of acquisition or change of experiences, habits, skills, behavior, preferences, values ​​and knowledge. Learning leads to lasting change in their personality and influences the perception of human information. Learning ability may have both humans and achines, or some advanced information systems.
Liquid Modernity is a sociological theory of Polish professor of sociology Zygmunt Bauman.