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...]
LOSS CARRYOVER
See carryover. … [Read more...]
LOT OF GROUND
A small piece of land in a town or city usually employed for building, a yard, a garden or such other urban use. Lots are in-lots, or those within the boundary of the city or town, and out-lots, those which are out of such boundary, and which are used by some of the inhabitants of such town or city. … [Read more...]
LOSS DAMAGE WAIVER (LDW)
Also called collision damage waivers which is rental insurance that makes the rental company responsible for damages or theft of the rented vehicle. Usually it is not necessary as the renter may be covered by other sources, for example, by use of their credit card which provides the same insurance. … [Read more...]
LOT OF LAND
A small tract or parcel of land in a village, town, or city, suitable for building, or for a garden, or other similar uses. … [Read more...]