L

To loan. To part with a thing of value to another for a time fixed or indefinite, yet to have some time in ending, to be used or enjoyed by that other, the thing itself or the equivalent of it to be given back at the time fixed, or when lawfully asked for, with or without compensation for the use as may be agreed upon. Kent v. Quicksilver Min. Co., 78 N. Y. 177. … [Read more...] about LEND

In Scotch law. The children's share in the father's movables. … [Read more...] about LEGITIM

contracts. He from whom a thing is borrowed. 2. The contract of loan confers rights, and imposes duties on the lender. 1. The lender has the right to revoke the loan at his mere pleasure; and is deemed the owner or proprietor of the thing during the period of the loan; so that au action for a trespass or conversion will lie in favor of the lender against a stranger, who has … [Read more...] about LENDER

Lawful birth; the condition of being born in wedlock; the opposite of illegitimacy or bastardy. Law Dictionary - Alternative Legal Definition The state of being born in wedlock; that is, in a lawful manner. 2. Marriage is considered by all civilized nations as the only source of legitimacy; the qualities of husband and wife must be possessed by the parents in order to make the … [Read more...] about LEGITIMACY

Liability of lenders (such as banks providing mortgages) for failure of the borrower to replay as a result of actions by the lenders. … [Read more...] about LENDER LIABILITY