The Law Dictionary

LOT OF GROUND

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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)

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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...]

LOSS IN INSURANCE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

contracts. A loss is 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. n. 1215. 2. These accidents or misfortunes, or perils, as they are usually denominated, are all distinctly enumerated … [Read more...]

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