Compensation Glossary

Labor Force Labor Force Participation Rate Labor Grade Labor Market Labor Union Lag Pay Structure Policy Lag the Market Laissez Faire Tax Policy Last In, First Out (LIFO) Lead Pay Structure Policy Lead-Lag Pay Structure Policy Learning Management System (LMS) Learning Service Provider (LSP) Leased Employees Least Squares Line Level Annual Premium Funding Method Level Cutters Level of Work Leverage in Financing Leveraged Employee Stock Ownership Plan (LESOP) Leveraged Stock Option Liabilities Liability Insurance Licensed Broker Lien Life Annuity Life Annuity with Period Certain Life Cycle Pension Plan Life Income Option Life Income Option with Period Certain Life Income Option with Refund Life Income with Period Certain Annuity Life Insurance Life Insured Life Underwriter Life-Only Annuity Lifetime Maximum Lilly Ledbetter Fair Pay Act Limited Coverage Policy Limited-Payment Whole Life Insurance Linear Regression Linear Relationship Linear Scales Link Listserv Living Benefit Rider Local Area Network (LAN) Local National Localization Location Selling Distribution System Lock Box Banking Log In / Log On Log Off Logarithmic Model Logarithmic Scales Long Form Reinstatement Application Long-Term Assignment (International) Long-Term Bonus Long-Term Care Long-Term Compensation Long-Term Debt Long-Term Disability Income Insurance Long-Term Disability Plan / Long-Term Disability Insurance Long-Term Incentive Plan Long-Term Incentives Long-Term Income Protection Loss of Limbs Loss Ratio Lump Sum Bonus Lump Sum Distributions Lump Sum Incentive Award Lump Sum Increase Lump Sum Merit Lump Sum Merit Payment Lump Summing Lump-Sum Relocation Plan Lurking Luxury Automobiles