The Law Dictionary

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...]

LOGIC

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

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...]

LONG TERM LIABILITY

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

A liability or obligation which will remain in effect for one or more years. … [Read more...]

LOGIUM

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

In old records. A lodge, hovel, or outhouse. … [Read more...]

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