Dictionary-of-Human-Resources-Management

life policy 158 livery
side the workplace, and is seen as a
key element in CPD and an important
tool in maintaining a person’s employability
in a rapidly changing business
environment.)
life policy /laIf pɒlIsi/ noun a life
assurance contract
life skills /laIf skIlz/ plural noun
skills used in dealing with other people
LIFO /laIfəυ/ abbr last in first out
light industry /laIt Indəstri/ noun
an industry making small products such
as clothes, books or calculators
lightning strike /laItnIŋ straIk/
noun a strike which is called suddenly
and only lasts a short time
limit /lImIt/ noun the point at
which something ends or the point
where you can go no further to set
limits to imports, to impose import
limits to allow only a specific amount of
imports verb to restrict the number or
amount of something
limited /lImItId/ adjective restricted
limited company /lImItId
kmp(ə)ni/, limited liability company
/lImItId laIəbIlIti kmp(ə)ni/
noun a company where each shareholder
is responsible for repaying the
company’s debts only to the face value
of the shares they own (NOTE: shortened
to Ltd)
limited liability /lImItId laIəbIlIti/
noun a situation where someone’s liability
for debt is limited by law
limited partnership /lImItId
pɑtnəʃIp/ noun a registered business
where the liability of the partners is limited
to the amount of capital they have
each provided to the business and where
the partners may not take part in the running
of the business
line /laIn/ noun 1. a row of letters or
figures on a page 2. a series of things,
one after another to be in line for
promotion to be the next to be promoted
to bring someone into line to
make someone do the same as the others
3. US a row of people waiting one after
the other (NOTE: British English is
queue) to be on the breadline, on
the poverty line to be so poor as to have
hardly enough to live on 4. a short letter
to drop someone a line to send
someone a note 5. the line is bad it is
difficult to hear clearly what someone is
saying the line is engaged the person
is already speaking on the phone to be
on the line to someone to be telephoning
someone
line authority /laIn ɔθɒrəti/ noun
the power to direct others and make decisions
regarding the operations of the
organisation
line management /laIn
mnIdʒmənt/, line organisation
/laIn ɔɡənaIzeIʃ(ə)n/ noun the
organisation of a company where each
manager is responsible for doing what
their superior tells them to do
line manager /laIn mnIdʒə/ noun
a manager responsible to a superior, but
with authority to give orders to other
employees
line of business /laIn əv bIznIs/
noun a type of business or work
line organisation /laIn ɔɡənaI-
zeIʃ(ə)n/ noun same as line
management
liquidation /lIkwIdeIʃ(ə)n/ noun
the winding up or closing of a company
and selling of its assets
list /lIst/ noun several items written
one after the other They have an attractive
list of products or product list.
I can’t find that item on our stock list.
Please add this item to the list. She
crossed the item off her list.
listed company /lIstId kmp(ə)ni/
noun a company whose shares can be
bought or sold on the Stock Exchange
litigant /lItIɡənt/ noun a person who
brings a lawsuit against someone
litigate /lItIɡeIt/ verb to go to law or
to bring a lawsuit against someone to
have a dispute settled
litigation /lItIɡeIʃ(ə)n/ noun the
bringing of a lawsuit against someone
litigious /lItIdʒəs/ adjective referring
to a person who likes to bring lawsuits
against other people
livery /lIvəri/ noun a company’s own
special design and colours, used e.g. on
uniforms, office decoration and vehicles