Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

Entries starting with L

lWritten abbreviation for litre(s).
L/CSee letter of credit.
labor contractAn agreement between a company and a labor union on pay, conditions etc.
labor federationA large trade union organization to which many smaller local trade unions are connected.
labor union
labourThe human work carried out to produce a good or service, and the people that perform that work. Labour is one of the four factors of...
labour agreementAn agreement between managers and workers about the conditions under which work is done.
labour courtA court in some countries that deals with cases or disagreements involving employers and employees.
labour disputeA disagreement between the managers and workers of a company, sometimes resulting in a strike.
labour force
See labour
1-10 of 444 results