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...] about LORDSHIP
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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...] about LOT AND BLOCK
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...] about LOSS
LOT AND SCOT
In English law. Certain duties which must be paid by those who claim to exercise the elective franchise within certain cities and boroughs, before they are entitled to vote. It is said that the practice became uniform to refer to the poor rate as a register of "scot and lot" voters; so that the term, when employed to define a right of election, meant only the payment by a … [Read more...] about LOT AND SCOT
LOSS CARRYOVER
See carryover. … [Read more...] about LOSS CARRYOVER