The Law Dictionary

LIVING WAGE

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

Wages that are sufficient in order for someone to afford ordinary living expenses. … [Read more...]

LOAN APPLICATION

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

An application form which the party seeking a loan includes their name, contact information and other vital information that will be used to assess risk and a decision whether to make a loan to such party and, if so, on what terms. … [Read more...]

LOCAL RULES

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

Usually refers to rules of a local court. … [Read more...]

LIVING WILL

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

A legal document in which a person states their will and desire with regard to how they wish to be treated if they should require medical treatments and life-prolonging procedures and are unable to communicate their wishes. This document is also known as a healthcare directive. … [Read more...]

LOAN BROKER

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

A person who connects home buyers with mortgage lenders for a fee (usually paid by the lender) The broker's service is in providing the lowest mortgage rate that makes it worth the fee for the service. … [Read more...]

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