L

In various compound legal terms (see infra) this word carries a meaning not essentially different from its signification in the vernacular. In the language of the stock exchange, a broker or speculator is said to be "long" on stock, or as to a particular security, when he has in his possession or control an abundant supply of it, or a supply exceeding the amount which he has … [Read more...] about LONG

A ship's journal. It contains a minute account of the ship's course, with a short history of every occurrence during the vovage. 1 Marsh. Ins. 408. When a log books required by law to be kept, it is an official register so far as regards the transactions required by law to be entered in it, but no further. … [Read more...] about LOG BOOK

A law which provides a court in one jurisdiction with the power to have jurisdiction over a person or party who may not be within the jurisdiction but has had sufficient minimum contacts with the jurisdiction to be considered as being under the court's power and authority. For example, a company located out of state that frequently advertises and does significant business in … [Read more...] about LONG ARM STATUTE

A manner of having support for a bill to pass legislation by rolling it into larger unrelated legislation of concern so that the matter of interest will be passed as a result of votes for passing the large piece of legislation as a whole. Accomplishes the collection of votes of those who are interested in passing different pieces of introduced legislation. … [Read more...] about LOG ROLLING

Over the course of a long period of time, usually referring to a term of at last one or more years. … [Read more...] about LONG TERM