LOP Abbreviation
Looking for LOP abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of LOP in various groups like Accounts & Finance, Transport & Travel, Business, Airport Code, Governmental, and Computing.
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Popular abbreviations of LOP:
Searching for LOP abbreviation / LOP full form leads to different results in different categories. The below table illustrates the popular acronyms among them.
| Term | Abbreviation | category |
|---|---|---|
| LOP | Loss Of Pay | Compensation |
| LOP | Letter Of Permit | Land Transport |
| LOP | Loss Of Profits | Business Terms |
| LOP | Mataram | Airport Code |
| LOP | Leader Of The Opposition | Politics |
| LOP | Loan On Phone | Business Terms |
| LOP | Law Of One Price | Accounting |
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What does LOP mean?
Loss of Pay is commonly termed as LOP. An employee has to send the leave application to the concerning authority if he can’t come to work in the working days. The loss of pay happens if an employee does not appear at work without any leave application granted.
LOP means deduction of salary for those days when the employee is absent without any leave. The deduction of loss of pay is made through the monthly salary of the employee. Loss of Pay is also known as Leave without pay (LWP).
Calculating the loss of pay:
Some companies calculate the LOP by including the weekends and other holidays, while some only contain the working days to calculate the deduction for the loss of pay.
Suppose the pay of an employee is Rs. 30000 and the employee has LOP for five days.
When weekends are included
- Total days of month = 30
- Days for loss of pay = 5
- One-day salary = 30000/30= Rs.1000
- Deduction of salary = 1000 x 5 = 5000
- Payable salary for that particular month = 30000- 5000 = Rs. 25000
When the weekends are excluded
- Suppose there are five weekends in that month, then there remain 25 working days.
- One-day salary becomes = 30000/25 =1200
- Days for LOP= 5
- Deduction of salary = 1200 x 5 = 6000
- Payable salary for that particular month = 30000-6000= Rs. 24000
Why is loss of pay important?
The LOP is done so that a proper work disciple can be maintained in the office. Because of LOP, the employee does not get a day off from work without a leave application. Loss of pay is an alarm to irregular employees to be punctual and regular at work. Further, some companies do deduct other allowances of such employees who go through the loss of pay.
All Abbreviations of LOP in 16 categories:
If you are looking for LOP meaning in a specific category, check out the detailed sections below. We have segregated the acronyms based on their category and grouped them in each section.
LOP abbreviation in Accounts & Finance:
What does LOP mean in Accounts & Finance category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Loss Of Pay |
LOP abbreviation in Transport & Travel:
What does LOP mean in Transport & Travel category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Letter Of Permit |
LOP abbreviation in Business:
What does LOP mean in Business category? We have listed down 5 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Loss Of Profits |
| LOP | Loan On Phone |
| LOP | Law Of One Price |
| LOP | List Of Price |
| LOP | Liquefied Oxygen Plant |
LOP abbreviation in Airport Code:
What does LOP mean in Airport Code category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Mataram |
LOP abbreviation in Governmental:
What does LOP mean in Governmental category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Leader Of The Opposition |
| LOP | Lebanese Option Party |
LOP abbreviation in Computing:
What does LOP mean in Computing category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Language Oriented Programming |
LOP abbreviation in Technology:
What does LOP mean in Technology category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Line Of Position |
| LOP | Launch Operations Panel |
LOP abbreviation in Military and Defence:
What does LOP mean in Military and Defence category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Life of Project |
| LOP | Levels of Protection |
LOP abbreviation in Academic & Science:
What does LOP mean in Academic & Science category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | List Of Open Points |
| LOP | Language And Orientation Programme |
LOP abbreviation in Medical:
What does LOP mean in Medical category? We have listed down 4 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Left Occipito Posterior |
| LOP | Lower Outer Quadrant |
| LOP | Left Occipitoposterior Position |
| LOP | Left Occiput Posterior Fetal Position |
LOP abbreviation in Associations & Organizations:
What does LOP mean in Associations & Organizations category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Landscape Of Practice |
LOP abbreviation in Country Specific:
What does LOP mean in Country Specific category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Long Ping, Hong Kong |
LOP abbreviation in Telecommunication:
What does LOP mean in Telecommunication category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Loss of Pointer |
LOP abbreviation in Softwares:
What does LOP mean in Softwares category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Live Online Portal |
LOP abbreviation in Society & Culture:
What does LOP mean in Society & Culture category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Liber Orationum Psalmographus |
LOP abbreviation in Sports & Games:
What does LOP mean in Sports & Games category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| LOP | Length Of Pull |
Frequently Asked Questions (FAQ)
Q. What is the abbreviation of LOP in Accounts & Finance?
The full form of LOP is Loss Of Pay in Accounts & Finance category.
Q. What does LOP stands for in Transport & Travel?
LOP stands for Letter Of Permit in Transport & Travel category.
Q. What is the LOP meaning in Business?
Loss Of Profits | Loan On Phone | Law Of One Price | List Of Price | Liquefied Oxygen Plant
Q. What is the abbreviation of LOP in Airport Code?
The full form of LOP is Mataram in Airport Code category.
Q. What is the abbreviation of LOP in Governmental?
Leader Of The Opposition | Lebanese Option Party