L

Works of authorship under copyright law which are expressed verbally or numerically such as a novel, computer source code. … [Read more...] about LITERARY WORKS

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...] about LITISPENDENCE

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...] about LITERATE

In Spanish law. Litispendency. The condition of a suit pending in a court of justice. … [Read more...] about LITISPENDENCIA

To convert property into cash. To sell assets or to sell off assets so as to terminate a business entity or venture. To adjust or settle an indebtedness; to determine an amount to be paid; to clear up an account and ascertain the balance; to fix the amount required to satisfy a judgment. To clear away; to lessen; to pay. "To liquidate a balance means to pay it." … [Read more...] about LIQUIDATE