In Indian computation , 100,000. The value of a lac of rupees is about

A measure of laud equal to one pole. This term is widely used in Cornwall.

In old English law . A fathom. Co. Litt. 4b.

the name of a federal statute that enforces game laws.

Negligence , consisting in the omission of something which a party might do, and might reasonably be expected to do, towards the vindication or enforcement of his rights. The word […]

a term that means the lack of power to act or the lack of authority in a legal matter.

To the point; using as few words as possible to form a point; straightforward.

Lat. In old English law . Defect in the weight of money; lack of weight. This word and the verb “lactarc” are used in an assise or statute of the […]

In old records. A ditch or dyke; a furrow for a drain; a gap or blank in writing.

In the civil law . A lake; a receptacle of water which is never dry. Dig. 43, 14, 1, 3. In old English law . Allay or alloy of silver […]

In Saxon law. A purgation, or mode of trial by which one purged himself of an accusation ; as by oath or ordeal. Spelman. A water-course ; a trench or […]

When a buyer locks in gains. Refer to the hatchet option, cliquet option , fixed and floating strike ladder option , or a shout option .

Organized, arranged, steady income-producing investment portfolio. Bonds with different maturities spread the investment amount to hedge and minimize interest rate fluctuation impacts. Equal amounts of money buys bonds due to […]

When an underwrite gives extra share when an investor agrees to buy on the secondary market . This is illegal and is called spinning.

The mouth of a river.

A term of maritime law , applied to a vessel which is freighted with a cargo which is neither in casks, boxes, bales, nor cases, but lies loose in the […]

1. Transporting vessel receiving its cargo. 2. Transportation vessel’s loaded cargo for transport. The cargo’s carrier issues a receipt known as a bill of lading .

See BILL

In English law . The title belonging to the wife of a peer, and (by courtesy) the wife of a baronet or knight, and also to any woman, married or […]

Conceptual relationship between marginal tax rates and total tax collections in a graphical representation named after US economics professor Arthur Laffer. He proposed that lower taxes encourage greater output and […]

In Saxon law. A betraying of one’s lord or master.

The time it takes an insurance claim to process.

from the Saxon “lag.” Law; a law.

See LIGAN.

In old English law . A law day; a time of open court; the day of the county court ; a Juridical day .