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practice. In default of the representatives and creditors to administer to the estate of an intestate, the officer entitled to grant letters of administration, may grant to such person as he approves, letters to collect the goods of the deceased, which neither make him executor nor administrator; his only business being to collect the goods and keep them in his safe custody. 2 … [Read more...] about LETTERS AD COLLIGENDUM BONA DE FUNCTI

Meaning equal opportunity for all involved. … [Read more...] about LEVEL PLAYING FIELD

Engl. law. Close letters are grants, of the king, and being of private concern, they are thus distinguished from letters patent. … [Read more...] about LETTERS CLOSE

(A) The achieve a result through the use of superior force or power. (B) The ratio of a company's total liabilities to the value of its equity or common stock. (C) Borrowing capital based upon the high expectation that the results will be far more profitable than the cost of the loan. (D) To borrow money with the use of a valuable collateral, including real estate. … [Read more...] about LEVERAGE

Letters of administration may be described to be an instrument in writing, granted by the judge or officer having jurisdiction and power of granting such letters, thereby giving the administrator, (naming him,), full power to administer the goods, chattels, rights and credits, which were of the said deceased, in the county or, district in which the said judge or officer has … [Read more...] about LETTERS OF ADMINISTRATION