L

Valid and acceptable money; legal tender. Money, currency that is issued by the government of a country. Promissory notes, checks and other relatively liquid instruments are not generally considered to be legal tender. … [Read more...] about LEGAL TENDER

A legal decision made by a judge along with the reasons for making the decision. Also may refer to the opinion given by a legal expert, such as an attorney, to provide insight as to how the law applies to a certain set of facts. … [Read more...] about LEGAL OPINION

Legally enforceable and recognized title to property. … [Read more...] about LEGAL TITLE

The person or party whom the law recognizes as the true owner or holder of title. The legally or officially registered owner. … [Read more...] about LEGAL OWNER

Slang for the overly complicated and sometimes incomprehensible manner in which legal documents may be written, typically referring to words that are not able to be understood by the average layperson. … [Read more...] about LEGALESE