LONG TERM PLAN

Five years or longer planning horizon for this type of plan. Also known as long range plan.

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LONG TERM PLANNING

Activities of formulating a long-term plan. Future needs estimating typically is an extrapolation of present or known needs. The extrapolation for achieving interim goals starts with current status, projected status roadmap, includes short-term operational as well as tactical plans.

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LONG TON

2,240 pounds, also called an imperial ton. Mostly replaced these days with the metric ton or tonne. Weighs 1,000 kilograms or 2,204.68 pounds. One million dollars in new one dollar notes is almost a long ton in weight. Also known as gross ton or imperial ton.

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LONG-ARM STATUTE

a term where a law of a state gives its courts jurisdiction over people and property outside the state.

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LONG-RUN AGGREGATE SUPPLY

in a specific period of time, produced and tracked across the national economy, this is the total amount of goods and services .

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LONG-TERM CONTRACTS (LTC)

Contracts over a period of one year in length with construction performance related activities. Residential and commercial construction contracts are typical for this type.

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LONGEVITY PAY

A contract to provide annual seniority-based employee compensation. Given as compensation for their service to top pay-scale employees.

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LONGITUDINAL STUDY

To identify a long-term trend, applying this statistical study. Also refer to cross sectional study.

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LONG TERM DISABILITY

Existing for several months this is a persistent disability condition.

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