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LIQUIDITY

by Law Professor

The amount of cash available to a person or entity. … [Read more...] about LIQUIDITY

LITERA

by Law Professor

Lat. A letter. The letter of a law, as distinguished from its spirit See Letter. Litera Pisana. The Pisan letter. A term applied to the old character in which the copy of the Pandects formerly kept at Pisa, in Italy, Was written. Spelman. … [Read more...] about LITERA

LIQUOR

by Law Professor

This term, when used in statutes forbidding the sale of liquors, refers only to spirituous or Intoxicating liquors.See INTOXICATING LIQUOR; SPIRITUOUS LIQUOR. Liquor dealer. Dne who carries on the business of selling intoxicating liquors, either at wholesale or retail, and irrespective of whether the liquor sold is produced or manufactured by himself or by others; but there … [Read more...] about LIQUOR

LITERAE

by Law Professor

Letters. A term applied in old English law to various instruments in writing, public and private. Litem dimissorisB. Dimissory letters, (q. v.) Liters humaniores. A term including Greek, Latin, general philology, logic, moral philosophy, metaphysics; the name of the principal course of study in the University of Oxford. Wharton. Literae mortuss. Dead letters ; fulfilling words … [Read more...] about LITERAE

LIRA

by Law Professor

The name of an Italian coin, of the value of about eighteen cents. … [Read more...] about LIRA

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