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Glossary of Economics Terms
beginning with letter L
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L
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noun
  1. (sports) The statistic for the number of losses by a team or player limited by some criteria (e.g. this season, at home, on turf)
  1. (alternative spelling of, el (elevated train))
    • 1925 February 21, "Co-operation" (cartoon), w:The New Yorker, The New Yorker, page 2,
    • :PLEASE! HELP US KEEP THE "" AND SUBWAY CLEAN
load
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noun
  1. A burden; a weight to be carried.
I struggled up the hill with the heavy in my rucksack.
  1. (figuratively) A worry or concern to be endured, especially in the phrase a load off one's mind.
  2. A certain number of articles or quantity of material that can be transported or processed at one time.
The truck overturned while carrying a full of oil.
She put another of clothes in the washing machine.
  1. (often, in plural) (colloquial) A large number or amount.
I got loads of presents for my birthday!
I got a of emails about that.
  1. The volume of work required to be performed.
Will our web servers be able to cope with that ?
  1. (engineering) The force exerted on a structural component such as a beam, girder, cable etc.
Each of the cross-members must withstand a tensile of 1,000 newtons.
  1. (electrical engineering) The electrical current or power delivered by a device.
I'm worried that the on that transformer will be too high.
  1. (electrical engineering) Any component that draws current or power from an electrical circuit.
Connect a second 24 ohm across the power supply's output terminals.
  1. A unit of measure, often equivalent to the capacity of a waggon, but later becoming more specific measures of weight.
Quotations
  • 1866: If this equals its modern representative, it contains 18 cwt. of dry, 19 of new hay. — James Edwin Thorold Rogers, A History of Agriculture and Prices in England, Volume 1, p. 172.
    1. A very small explosive inserted as a gag into a cigarette or cigar.
verb (loads, loading, loaded, loaded or archaic loaden)
  1. (usually transitive, occasionally intransitive) To put a load on (something).
The dock workers refused to the cargo onto the ship.
The truck was supposed to leave at dawn, but in fact we spent all morning loading.
  1. (transitive) To fill (a firearm or artillery) with munition.
I pulled the trigger, but nothing happened. I had forgotten to the gun.
  1. (transitive) To insert (an item or items) into an apparatus so as to ready it for operation, such as a reel of film into a camera, sheets of paper into a printer etc.
Now that you've loaded the film you're ready to start shooting.
  1. (transitive) (computing) To read (data or a program) from a storage medium into computer memory.
Click OK to the selected data.
  1. (intransitive) (computing) To transfer from a storage medium into computer memory.
This program takes an age to .
  1. (transitive) (baseball) To fill the bases with runners
He walks to the bases.
  1. (transitive) (context, especially of dice) To tamper with so as to produce a biased outcome. Often used figuratively, to indicate the gaining of an advantage.
You can the dice in your favour by researching the company before your interview.
The wording of the ballot paper loaded the vote in favour of the Conservative candidate.
luxury tax
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noun
  1. any tax on the sale of items not considered to be essential to a reasonable standard of living; either to increase revenue, or to discourage the use of certain articles
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