org-mode: Is there a description markup like in LaTeX?

Question

In org-mode, is there a markup like LaTeX's description?

\begin{description}
  \item[First] The first item
  \item[Second] The second item
  \item[Third] The third etc \ldots
\end{description}

Result:

Please note that the items are in bold face. and if the description is longer than one line, the second line (and the following line) would be indented right.

Answer 1

Description lists are of the form

  - Keyword :: description of keyword, which may be as long as you like and 
      spread over several lines
  - Header :: description of header

These are rendered as description in LaTeX export. org-modes filling commands will correctly fill such items. You can separate the list from other text by a blank line.