L

This word is used in some of the states to designate the persons appointed to make lists of taxables. See Rev. St. Vt 538. … [Read more...] about LISTERS

Ascertained; determined; fixed; settled; made clear or manifest. Cleared away; paid; discharged. Liquidated account. An account whereof the amount is certain and fixed, either by the act and agreement of the parties or by operation of law; a sum which cannot be changed by the proof; it is so much or nothing; but the term does not necessarily refer to a writing. Nisbet v. … [Read more...] about LIQUIDATED

An advertisement. Something of value placed on a list of other items offered for sale. … [Read more...] about LISTING

By this term is understood the fixed amount which a party to an agreement promises to pay to the other, in case he shall not fulfill some primary or principal engagement into which he has entered by the same agreement it differs from a penalty. Vide Damages liquidated. 2. The damages will be considered as liquidated in the following cases: 1. When the damages are uncertain, and … [Read more...] about LIQUIDATED DAMAGES

A formal contract with a broker to sell or lease property at a certain price and with certain terms and which authorizes the broker to list the item so as to make the public aware of the availability of the property. Usually the broker will receive compensation that includes commission for the successful sale or lease of the item and may include other compensation. With regard … [Read more...] about LISTING AGREEMENT