Yes, led is a Scrabble word!

Verb

1. Take somebody somewhere

2. Have as a result or residue

3. Tend to or result in

4. Travel in front of; go in advance of others

5. Cause to undertake a certain action

6. Stretch out over a distance, space, time, or scope; run or extend between two points or beyond a certain point

7. Be in charge of

8. Be ahead of others; be the first

9. Be conducive to

10. Lead, as in the performance of a composition; Barenboim conducted the Chicago symphony for years"

11. Lead, extend, or afford access

12. Move ahead (of others) in time or space

13. Cause something to pass or lead somewhere

14. Preside over

Noun

1. Diode such that light emitted at a p-n junction is proportional to the bias current; color depends on the material used