The Law Dictionary

LIVRE TOURNOIS

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

com. law. A coin used in France before the revolution. It is to be computed in the ad valorem duty on goods, at eighteen and a half cents. … [Read more...]

LOAN COMMITMENT

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

A promise by a lending institution to loan money to a real estate investor for a specified sum and rate provided the transaction occurs within a stated period of time. … [Read more...]

LJ

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

Common abbreviation for "Law Judge" and "Law Journal." … [Read more...]

LOAN CONSOLIDATION

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

The process of combining several loans into one loan, usually for the purpose of reducing interest payments by paying off the high interest rate loans with a loan at a lower rate. … [Read more...]

LL.

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

The reduplicated form of the abbreviation "L." for "law," used as a plural. It is generally used in citing old collections of statute law; as "LL. Hen. I." … [Read more...]

Legal Disclaimer: The content appearing on our website is for general information purposes only. When you submit a question or make a comment on our site or in our law forum, you clearly imply that you are interested in receiving answers, opinions and responses from other people. The people providing legal help and who respond are volunteers who may not be lawyers, legal professionals or have any legal training or experience. The law is also subject to change from time to time and legal statutes and regulations vary between states. It is possible that the law may not apply to you and may have changed from the time a post was made. All information available on our site is available on an "AS-IS" basis. It is not a substitute for professional legal assistance. Before making any decision or accepting any legal advice, you should have a proper legal consultation with a licensed attorney with whom you have an attorney-client privilege. For purposes of New York and New Jersey State ethics rules, please take notice that this website and its case reviews may constitute attorney advertising.