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
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...]
LITERARY WORKS
Works of authorship under copyright law which are expressed verbally or numerically such as a novel, computer source code. … [Read more...]
LITISPENDENCE
An obsolete term for the time during which a lawsuit is going on. The part of an action being depending and undetermined; the time during which an action is pending. See Lis pendens. … [Read more...]
LITERATE
In English ecclesiastical law. One who qualifies himself for holy orders by presenting himself as a person accomplished in classical learning, etc., not as a graduate of Oxford, Cambridge, etc … [Read more...]