The Law Dictionary

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...]

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...]

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