In old English law. A liberty or privilege to take amends for lying with a bondwoman without license. … [Read more...]
LOSS LEADER
A sale of an item below cost in the hope of spreading knowledge and awareness of the vendor and to promote sales of other products and future sales. … [Read more...]
LOTTERY
A lottery is any scheme for the disposal or distribution of property by chance among persons who have paid, or promised or agreed to pay, any valuable consideration for the chance of obtaining such property, or a portion of it, or for any share of or interest in such property, upon any agreement, understanding, or expectation that it is to be distributed or disposed of by lot … [Read more...]
LOSS OF BARGAIN
The legal notion that the damages that are awarded to compensate a party for loss or injury should be at least sufficient to put that party in the same position they were in prior to that loss or injury. … [Read more...]
LOSS OF CONSORTIUM
Referring to the benefits a spouse loses as a result of the other spouse being wrongfully injured, e.g. the inability of having the benefit of the other spouse's affection, intimacy, sexual relations and otherwise the comfort of such a close relationship. … [Read more...]