Timber fit for building. Du Fresne. … [Read more...] about LIGNAMINA
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LIMITED GUARANTY
A guaranty that is narrow and limited in nature only to the explicit terms set forth in the guarantee. … [Read more...] about LIMITED GUARANTY
LIGULA
In old English law. A copy, exemplification, or transcript of a court roll or deed. CowelL … [Read more...] about LIGULA
LIMITED JURISDICTION
The area within which a court is limited in having power to adjudicate, for example, bankruptcy court does not have jurisdiction over tort claims or divorce proceedings. … [Read more...] about LIMITED JURISDICTION
LIKE KIND EXCHANGE
The exchange of assets that are virtually of the same type. Tax law may not recognize any gain or loss on the exchange and may delay any recognition until the disposition of the asset. … [Read more...] about LIKE KIND EXCHANGE