Taxes that are assessed and due and owing in a local jurisdiction for a city, town, county or municipality and which usually cover local needs of the public such as water, the sewer system, public schools and other services provided to the community. … [Read more...] about LOCAL TAXES
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LOCK IN
A guarantee, in exchange for some consideration or commitment, to keep a price or rate fixed for a period of time. … [Read more...] about LOCK IN
LOCUS IN QUO
The place in which. In pleadings it is the place where anything is alleged to have been done. 1 Salk. 94. … [Read more...] about LOCUS IN QUO
LOCALITY
In Scotch law. This name is given to a life rent created in marriage contracts in favor of the wife, instead of leaving her to her legal life rent of tierce. 1 Bell, Comm. 55. … [Read more...] about LOCALITY
LOCKDOWN
The confinement of prisoners to their cells so as to restore order. … [Read more...] about LOCKDOWN