The Law Dictionary

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

Category: L

LAND TAX

the name given to the levy that is placed on the owner of real estate that is based on the value of the land.

LETTER RULING

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

LIMITED APPEAL

the term applied to an appeal from a certain part of a decree or a judgement and not from the entire decree.

LEAVING SCENE OF ACCIDENT

the term that is used when a person leaves the site of an accident without first checking to see if people are ok.

LEAVE OF ABSENCE

the term that applies to a temporary absence away from work due to a long illness or a holiday.

LEGAL RESIDENCE

the term applied to the place a person spends most of his time and is the home that is recognised by law.

LEGISLATIVE POWER

the authority of a branch of government that is charged with making and enacting laws.

LIFE POLICY

an insurance policy that will pay a sum of money when the insured person dies.

LISTED STOCK

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

LIFE OR LIMB

an expression that means a person will not ne placed in jeopardy that is a danger to life or limb.

LEGAL ISSUE

another term used to describe a person’s descendants and is the same as lawful issue.

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.

LEGAL EVIDENCE

the term applied to the testimony that is allowed to be presented during a trial.

LEGAL SUBROGATION

the term used when a person who doesn’t owe the debt pays it and then is entitled to remedies offered by the creditor. This term is the device that forces the person

LEGITIMATE CHILD

the name given to a child who is born of married parents or a child born out of wedlock who has acquired legitimacy.

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