Words starting with L

licensed microfinance company

Defined in Microfinance Act 2016, s 37

“means a company, licensed under this Act”

licensed mobile telephone operator

Defined in Finance Act 2015, s 16

“means an operator licensed under section 17 of the Sri Lanka Telecommunications Act…”

licensed produce broker

Defined in Debits Tax Act 2002, s 19

“means a produce broker licensed under the Licensing of Produce Brokers Act…”

licensed specialised bank

Defined in Regional Development Banks Act 1997, s 52

“means acompany or institution licensed or deemed to be licensed as a licensed specialized bank under the Banking Act…”

licensed specialized bank

Defined in Finance Act 2019, s 10

“means, a specialized bank licensed under the Banking Act…”

Also defined in 1 other Act

licensed stock broker

Defined in Debits Tax Act 2002, s 19

“means a stock broker licensed under the Securities and Exchange Commission Act…”

licensed zones

Defined in Economic Transformation Act 2024, s 194

“means the licensed zones referred to in section 5 of the repealed Law”

life line tariff

Defined in Sri Lanka Electricity Act 2009, s 61

“means a concessionary electricity tariff made available to the section of the population who are unable financially to afford to pay for the basic electricity needs, at a rate representing the true cost of supply”

like product

Defined in Anti-Dumping and Countervailing Duties Act 2018, s 85

“means a product which is identical, that is to say alike in all respects, to the investigated product, or in the absence of such a product, another product which, although not alike in all respects, has characteristics closely resembling …”

like products

Defined in Safeguard Measures Act 2018, s 41

“means domestic products which are identical or alike in all respects to the product subject to investigation or, in the absence of such products, another product that although not alike in all respect have the same physical, technical or …”

line

Defined in Sri Lanka Electricity Act 2009, s 61

“means any wire, cable, pipe, conductor or other similar thing (including its casing or coating) which is designed or adapted for transporting electricity”

Also defined in 1 other Act

liquid assets

Defined in Finance Business Act 2011, s 74

“means- (a) cash in hand; (b) balances in a current or deposit account in a commercial bank, free from any bankers’ lien or charge; (c) Sri Lanka Government Treasury Bills and Treasury Bonds, maturing within one year, free from any lien or …”

Also defined in 1 other Act

liquidation

Defined in Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026, s 2

“means liquidation under Part XII and “liquidator” shall have the corresponding meaning”

listed Company

Defined in Anti-Corruption Act 2023, s 162

“shall have the same meaning assigned to such expression in the Companies Act…”

listed foreign entity

Defined in Securities and Exchange Commission of Sri Lanka Act 2021, s 188

“means an entity which is not incorporated in Sri Lanka and has been admitted to the official list of a stock exchange licensed by the Commission under this Act by way of a secondary listing”

listed public company

Defined in Securities and Exchange Commission of Sri Lanka Act 2021, s 188

“means any company which has its securities listed on a stock exchange, and includes any public corporation which has its securities listed on a stock exchange licensed by the Commission under this Act”

listed securities

Defined in Securities and Exchange Commission of Sri Lanka Act 2021, s 188

“mean, any security listed on an exchange licensed by the Commission under this Act”

living modified

Defined in Plant Protection Act 1999, s 15

“means an organism derived or produced by altering or modifying the genetic material of an organism through the use of biological techniques such as recombinant DNA technology, molecular biology, cell or tissue culture, cell fusion …”

loan

Defined in Agrarian Development Act 2000, s 101

“means any loan, advance or overdraft together with interest thereon”

Also defined in 1 other Act

loan guarantee

Defined in Public Debt Management Act 2024, s 39

“means a guarantee where the Government as the guarantor undertakes to honour the payment obligations of the borrower under the terms of a specific loan”

local authorities

Defined in Public Debt Management Act 2024, s 39

“means all municipal councils, urban councils and pradeshiya sabhas”

local authority

Defined in National Authority on Tobacco and Alcohol Act 2006, s 45

“means any Municipal Council, Urban Council or Pradeshiya Sabha and includes any authority created or established by or under any law to exercise perform and discharge, powers, duties and functions corresponding to or similar to the powers …”

Also defined in 27 other Acts

local authority security

Defined in Regulation of Insurance Industry Act 2000, s 114

“means any security that may be issued, in accordance with the law in force for the time being by any local authority in Sri Lanka”

local government service member

Defined in National Insurance Trust Fund Act 2006, s 30

“means an person who is or who is deemed to be a member of the local governments service constituted under the Local Goverment Service Act…”

local government service pensioner

Defined in National Insurance Trust Fund Act 2006, s 30

“means a person retired from the local government service and who is in receipt of a pension in respect of such service”

local or foreign expert

Defined in Anti-Corruption Act 2023, s 162

“includes any expert specified in section 45 of the Evidence Ordinance”

loss

Defined in Finance Act 2021, s 19

“shall have the same meaning assigned to such expression under section 19 of the Inland Revenue Act…”