A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Lead time

The amount of time required for something to happen. For example, production lead time would be the length of time required to produce a good once the work order has been placed to the factory, including any lead times for…

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Legal entity

And individual, proprietorship, partnership, corporation, association, or other organization that has, in the eyes of the law, the capacity to make a contract or an agreement, and the abilities to assume an obligation and to discharge indebtedness. A legal entity…

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Legalized invoice

Occasionally, customs in the Middle East, require invoices to be both certified and legalised. After certification, invoices have to be presented to the embassy of the destination country for legalisation. This involves presentation of the certified invoices to the embassy…

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Less developed country (LDC)

A country showing: (1) a poverty level of income; (2) a high rate of population increase; (3) a substantial portion of its workers employed in agriculture; (4) a low proportion of adult literacy; (5) high unemployment; and (6) a significant…

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Lesser developed country (LLDC)

The classification LDC was developed by the United Nations to give some guidance to donor agencies and countries about and equitable allocation of foreign assistance. The criteria for designating a country an LLDC include low per capita income, literacy, and…

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