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L

LEVEE

by Law Professor

An embankment or artificial mound of earth constructed along the margin of a river, to confine the stream to its natural channel or prevent Inundation or overflow. State v. New Orleans … [Read more...] about LEVEE

LETTERS AD COLLIGENDUM BONA DE FUNCTI

by Law Professor

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

LEVEL PLAYING FIELD

by Law Professor

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

LETTERS CLOSE

by Law Professor

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

LEVERAGE

by Law Professor

(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

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