Defense Procurement Terms (L)

Label :

it is a document/note attached to the samples describing introduc ...

LABORATORY INSPECTION :

it is a process to determine characteristics requested by using m ...

LABORATORY INSPECTION REPORT :

as a result of analysis, it is a document that proves sample is c ...

LABORATORY PROTOTYPE :

according to determined technical request and characteristics; it ...

Land :

A part of earth of which borders are determined by sufficient veh ...

LEASE :

letting, renting.

LEASED PROPERTY :

chartered, rented.

LEASING :

Leasing is a financial instrument enables renting of equipments o ...

LEGAL / JURIDICAL PERSON/CORPORATE BODY :

An entity other than a natural person, such as a partnership or a ...

Lessor :

The person who leases; renter.

LETTER OF CREDIT (DOCUMENTARY CREDIT) :

It is a prestige account that importer opens in a bank for his im ...

LETTER OF CREDIT OPENING :

it is a letter written by authorised (issuing) bank to correspond ...

LETTER OF INTENT :

an official letter indicating the intention of a country to parti ...

LETTER OF OFFER AND ACCEPTANCE :

Letter of Offer And Acceptance which is prepared by concerning un ...

LIMITED :

bordered by, restricted.

LOCAL ADMINISTRATION :

local authority; public administration unit (municipalities, prov ...

LOGISTIC INFRASTRUCTURE :

They are classified as lands, buildings and facilities, support f ...

LOGISTIC MANAGEMENT (LOGISTICS CONDUCT) :

They are services including planning, organization, direction, co ...

LOGISTIC SERVICES :

They are services classified as supply, maintenance, engineer(for ...

LOGISTIC SYSTEMS :

They are systems that are classified such as space, air, ground s ...

LOGISTICS :

A complement of activities including management suitable to autho ...

LOR :

Letter of Request.

LOSS / SHRINKAGE :

loss of weight on goods due to natural factors, reduction.

LUMP SUM :

outright, at once.

LUMP SUM (PRICE) CONTRACT :

in goods and service purchases, it is a contract formed over tota ...