(Lord's Day) The same as Sunday. Dies Dominicus non est juridicus. … [Read more...]
LOT
The arbitrament of chance; hazard. That which fortuitously determines what course shall be taken or what disposition be made of property or rights. A share; one of several parcels into which property is divided. Used particularly of land. The thirteenth dish of lead in the mines of Derbyshire, which belong to the crown. … [Read more...]
LORDSHIP
In English law. Dominion, manor, seigniory, domain; also a title of honor used to a nobleman not being a duke. It is also the customary titulary appellation of the judges and some other persons in authority and office. … [Read more...]
LOT AND BLOCK
A system of identification and location for parcels of land. Each parcel of land will have a lot and block number which is assigned to it and is present upon a deed of title. … [Read more...]
LOSS
(a) In insurance. The injury or damage sustained by the insured in consequence of the happening of one or more of the accidents or misfortunes against which the insurer, in consideration of the premium, has undertaken to indemnify the insured. 1 Bouv. Inst no. 1215. Actual loss. One resulting from the real and substantial destruction of the property insured. Constructive loss. … [Read more...]