Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: L

Listed User

Members of the same household who do not drive an insured vehicle.

Lapsed Coverage

When an insurance policy is terminated or cancelled, and a replacement policy has not been obtained.

LAND WARRANT

the name that is given to a guarantee that is issued by the federal government land office to the purchasers of public land.

LAW SCHOOL

the term given to the learning establishment where people study to be attorneys.

LEGAL INSANITY

the term given to the mental illness and incapacity to a person to a degree that that the law will recognise the person to be insane.

LETTER RULING

a term used for the statement from a tax official to a tax payer giving the interpretation of tax laws.

LAW ENFORCEMENT OFFICERS

the term that is given tom the people who are responsible for keeping the peace such as sheriffs and the police.

LEGACY TRUST

the name that is given to a legacy to a trustee to be held in trust and the income earned will go to the beneficiaries.

LISTED STOCK

the term used for stock that is traded on a stock exchange such as NASDAQ.

LIFE INTEREST

the term given to the interest in property that lasts for a person’s life time.

LIMITED AUTHORITY

the term applied to the authority and power that is restricted to certain duties and functions.

LIFE OF A WRIT

the term that applies to the period of time that a writ is effective.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.