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

LISTING

1. Posting a accepted security on a stock exchange for trading. 2. Certification of an appliance, equipment, or supplies as complying with specific safety and/or other requirements by an independent standards or

LISTERIOSIS

Infected ready-to-eat meat, dairy products, salads, and cook chill dishes transmit Listeria monocytogenes, a grampositive bacteria that causes foodborne disease. Dark red rash over legs and trunks, flulike fever, and lethargy, leading

LISTING AGREEMENT

An contract that authorizes the broker to sell or lease the property at a set price and terms. The broker receives a commission or other compensation from property owner following the closing.

LISTING MARK

Certification mark given as a stamp of approval organizations that apply independent standards or testing on qualifying goods and materials. The ‘UL’ mark is such a mark given by Underwriters’ Laboratory, which

LITERARY WORK

Written words, numbers, or symbols in any medium, but not audio visually, expresses an intellectual content.

LITERAL CONSTRUCTION

Document content interpreted based solely on its textual basis, that is it actual words and phrases, and without extrapolation on its deemed or stated purpose. Also known as strict construction. Contrast to

LISTED PROPERTY

Property for lease or sale assigned to an authorized real estate broker. Also known as listing.

LLOYD’S ASSOCIATION

Lloyd’s of London is copied by an organized group. It is not affiliated with Lloyd’s. Only responsible for the risk portion they choose to insure, unrelated entities congregate to collectively provide coverage.

LIVING WAGE

Income from working that is sufficient to pay the bills, buy enough food, handle emergencies, and stay off welfare.

LIVING NEED BENEFITS

Allows life insurance to have long-term care benefits. Stems from a mixture of life insurance and long-term care coverage. This practice reduces the value of the life insurance policy is less because

LOAD SPREAD OPTION

An investor making periodic contributions to a mutual fund account. It spreads out the load payments as smaller ones. Also known as Spread Load Contractual Plan. An alternative is to pay fees

LISTED COMPANY

Stock exchange public trading company with quoted shares. Also known as quoted company.

LOADING BAY

The point where warehouse meets the outside world; where goods are loaded on/off a vehicle. A warehouse area.

LOAD FACTOR

1. Time-bound ratio of average energy demand versus maximum demand peak load. 2. Ratio of demonstrated machine capacity as a work center, or as a system versus service availability versus utilization. 3.

LOAN ORIGINATION FEE

For making a mortgage loan, the lender charges a fee to the borrower. Typically a percentage of the loan principal.

LOADING

Built in to the insurance cost, this amount covers insurer operating cost, periodic insurer’s losses higher than anticipated, and interest earned from the insurer’s investments. The amount required to only cover losses

LOAD SHIFTING

Moving demand from daily peak hours to off-peak hours. A load management technique.

LIST SERVER

Email messaging services’ dedicated computer system.

LIMITED OCCUPANCY AGREEMENT

Used by a property buyer wanting to move in prior to purchase closing. This arrangement type allows property occupation at an agreed-upon date under specific pre-conditions.

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