A liability insurance policy’s maximum benefit available payout.
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LIABILITY MANAGEMENT
Balancing deposits, CDs, and the like using specific liquidity reserves as a process by which financial institutions mitigate liability. Intent is to reduce liquidity risks and adverse market condition impacts […]
LIABLE
1. Bound or obliged in law or equity; responsible ; chargeable; answerable; compellable to make satisfaction , compensation , or restitution . 2. Exposed or subject to a given contingency […]
LIAISON
1.Communicators for two entities; typically, a corporate situation. 2. Entity responsible for communications from one party to another. 3. Thickener substance for a stew or sauce.
LIBEL
Defamatory statement published through any manner or media. If intended to simply bring contempt, disrespect, hatred, or ridicule to a person or entity it is likely a civil breach of […]
LIBEL INSURANCE
Insurance coverage against legal action taken for any statement considered to be libelous that the insured wrote.
LIBELANT
The complainant or party who files a libel in an ecclesiastical or admiralty case, corresponding to the plaintiff in actions at law.
LIBELEE
A party against whom a libel has been filed In an ecclesiastical court or In admiralty.
LIBELLUS
Lat. In the civil law . A little book. Libellus supplex, a petition, especially to the emperor, all petitions to whom must be in writing. Libcllum rcscribere, to mark on […]
LIBELOUS
Defamatory; of the nature Of a libel; constituting or involving libel.
LIBELOUS PER QUOD
a term that is given to statements that appear to be slanderous but which must be proved to slanderous.
LIBELOUS PER SE
there term given to the publication of written material that can cause injury to the person it is directed against.
LIBER
adj. Lat. free; open and accessible, as applied to courts, places, etc.; ot the state or condition of a freeman, as applied to persons.
LIBERA
A livery or delivery of so much corn or grass to a customary tenant, who cut down or prepared the said grass or corn, and received some part or small […]
LIBERAL
1. If Nonpolitical, this is an entity that favors social solutions to economic, social, and other problems, and favors less law and restriction to personal freedoms. 2. If Political, this […]
LIBERAL CONSTRUCTION
Taking a document’s deemed or stated purpose into account when interpreting a document in addition to the actual words and phrases used in it.
LIBERALIZATION
To allow an increase in liberal actions than in previously circumstances .
LIBERALIZATION CLAUSE
A policy statement requiring that the policy change as mandated lawful adjustments occur without premium increase.
LIBERAM LEGEM AMITTERE
To lose one’s free law, (called the villainous judgment,) to become discredited or disabled as juror and witness, to forfeit goods and chattels and lands for life, to have those […]
LIBERARE
Lat. In the civil law . To free or set free; to liberate; to give one his liberty. Calvin. In old English law . To deliver, transfer, or hand over. […]
LIBERATE
In old English practice. An original writ issuing out of chancery to BL.LAW I>ICT.(2D ED.)
LIBERATIO
In old English law . Livery; money paid for the delivery or use of a thing. In old Scotch law . Livery; a fee given to a servant or officer. […]
LIBERATION
In the civil law . The extinguishment of a contract, by which he who was bound becomes free or liberated. Wolff, lust. Nat.
LIBERI
In Saxon law. Freemen ; the possessors of allodial lands. 1 Reeve, Eng. Law, 5. In the civil law . Children. The term included “grandchildren.”
LIBERTARIAN
the term used to describe the person who advocates for freedom related to social thought and conduct.