What is a "Load Module"?

I've been reading about linking and loading (one of OS topics, not specific to any language), and I've come across this term "Load Module" without any previous reference to it. From what I understand about the way it has been used, it seems like a final product after compilation and linking (an executable perhaps). I tried google, the term seems to be related to COBOL language and no specification that it is specific to COBOL, so, I'm posting this here to know if any of you guys heard this before and enlighten me about it.