Maximum monies a lender values for a collateral asset to secure a loan. Lenders accept assets as a collateral that appraise at a minimum liquidation value of 25 percent higher […]
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LOAN WORKOUT
Delinquent borrower’s payoff routine worked out with a lender. Rescheduling the loan, having a longer payback period, having smaller installment amount are typical conditions. Staves off further delinquency and likely […]
LOAN-DEPOSIT RATIO
A bank’s total loan amounts divided by its total amount of deposits times 100. This ratio measures outstanding loans versus the total deposits on hand on a day-to-day basis as […]
LOAN-TO-VALUE (LTV)
The amount borrowed in relation to the actual value of the property.
LOANS IN PROCESS
Loans on the books as assets, committed to by the lending institution , ready for full disbursement, waiting for the closing.
LOANSHARK
Illegal lending extortion. Usury interest rates, bodily harm , scare tactics, repeated threats are signs of such extortion.
LOBBYING
“Lobbying” Is defined to be any personal solicitation of a member of a legislative body during a session thereof, by private interview, or letter or message, or other means and […]
LOBBYIST
the name given to a person who tries to influence the legislators to vote in favour of a certain legislation .
LOBSTER TRAP
A rule preventing take over by no allowing any partner owning more than 10% from converting their stock into voting stocks.
LOCAL
Relating to place; expressive of place; belonging or confined to a particular place. Distinguished from “general,” “personal,” and “transitory.”
LOCAL AGENT
One appointed to act as the representative of a corporation and transact its business generally (or business of a particular character) at a given place or within a defined district. […]
LOCAL ALLEGIANCE
That measure of obedience which is due from a subject of one government to another government, within whose territory he is temporarily resident.
LOCAL AREA NETWORK (LAN)
Two commercially and industry known major LAN standards are Ethernet and Token Ring. data communication system user-owned. user-operated. Either a short-distance cable and/or wireless-based device connection. Interconnects one or more […]
LOCAL GOVERNMENT
City, town, county, or state level government. The administrative body for this small geographic jurisdiction . Electing officials, enacting taxes, and doing many things a national government can do is […]
LOCAL LAW
the term given to a law whose application is limited to restricted areas.
LOCAL MARKET
Place to purchase locally produce goods and services. Knowing who will buy the product, where they are located and how far they will travel to obtain the product is essential […]
LOCAL OPTION
the term to a privileged granted to an area such as a town, city or county to pass a local law.
LOCAL TAXES
Taxes due in a local jurisdiction that are in addition to state and federal taxes . Property, sales, water, sewer, school, and occasionally, income taxes are all types of local […]
LOCALITY
In Scotch law. This name is given to a life-rent created in marriage contracts in favor of the wife, instead of leaving her to her legal life-rent of tierce. 1 […]
LOCALITY RULE
a term in medical jurisprudence where the physicians of an area must maintain standards of practice.
LOCALIZATION
accommodating the language, cultural, political and legal differences of a foreign market or country as a practice for adjusting a product’s functional properties and characteristics.
LOCARE
is an agreement by which one person delivers to another a certain quantity of things which are consumed by the use, under the obligation , by the borrower, to return […]
LOCARIUM
In old European law. The price of letting; money paid for the hire of a thing; rent Spelman.
LOCATAIRE
In French law . A lessee, tenant or renter.
LOCATARIUS
Lat A depositee.