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...] about LOG-BOOK
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LONG TERM DISABILITY
A disability that is chronic or will remain present for an extended period of time. … [Read more...] about LONG TERM DISABILITY
LOGIA
A small house, lodge, or cottage. Mon, Angl. torn. 1, p. 400. … [Read more...] about LOGIA
LONG TERM GAIN LOSS
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...] about LONG TERM GAIN LOSS
LOGIC
Deductive reasoning through the use of observation and application of valid reasoning. The science of reasoning, or of the operations of the understanding which are subservient to the estimation of evidence. The term includes both the process itself of proceeding from known truths to unknown, and all other intellectual operations, in so far as auxiliary to this. … [Read more...] about LOGIC