The Law Dictionary

LONG TERM ASSET

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

An asset that is held, generally, for one or more years. … [Read more...]

LOG-BOOK

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

A ship's journal. It contains a minute account of the ship's course, with a short history of every occurrence during the voyage. 1 Marsh. Ins. 312. The part of the log book relating to transactions in the harbor is termed the "harbor log;" that relating to what happens at sea, the "sea log." Young, Naut Diet Official log book. A log book in a certain form, and containing … [Read more...]

LONG TERM DISABILITY

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

A disability that is chronic or will remain present for an extended period of time. … [Read more...]

LOGIA

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

A small house, lodge, or cottage. Mon, Angl. torn. 1, p. 400. … [Read more...]

LONG TERM GAIN LOSS

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

For tax purposes the holding period of property to determine a tax rate which is more favorable for property held for the long term. … [Read more...]

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