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What does LP stand for?

LP stands for Low Priority

This definition appears very frequently

See other definitions of LP

Other Resources:
We have 111 other meanings of LP in our Acronym Attic

Samples in periodicals archive:

I would caution the new director to give operational audits a low priority in the start-up plan until the function is well established.
For most storage arrays, this configuration offers ample traffic shaping capability; high and low priority transactions may be split between the two virtual channels, with the high priority channel assigned greater bandwidth than the low priority channel.