LO glossary terms

Browse full definitions for every LO term in the Amicus glossary.

Load

/ˈloʊd/

Definitions

  1. (n.) The quantity of material or goods carried by a vehicle, vessel, or container, relevant in transport and liability law.
    The truck was fined for exceeding its legal load limit.
  2. (n.) A burden, weight, or responsibility imposed, especially in property or contractual contexts.
    The easement placed a load on the property, restricting its use.
  3. (v.) To put a load on or in; to charge or burden, particularly in contexts such as shipping, customs, or data processing.
    The ship was loaded with goods destined for export.

Forms

  • loads
  • loading
  • loaded

Commentary

In legal usage, 'load' predominantly appears as a noun referring to physical burdens or quantities transported, but also as a verb relating to the act of placing such burdens; context determines its liability implications.


Loan

/ˈloʊn/

Definitions

  1. (n.) A sum of money or property lent to another under an agreement to be repaid, typically with interest.
    The borrower obtained a loan from the bank to buy a house.
  2. (v.) To lend money or property to another under terms requiring repayment.
    The bank agreed to loan the company funds for expansion.

Forms

  • loans
  • loaned
  • loaning

Commentary

In legal drafting, clearly specify the terms of repayment and security for a loan to avoid ambiguity.


Loan Agreement

/ˈloʊn əˌɡriˈmɛnt/

Definitions

  1. (n.) A legally binding contract in which a lender provides money or property to a borrower under agreed terms for repayment.
    The parties signed a loan agreement detailing the repayment schedule and interest rate.

Forms

  • loan agreements

Commentary

Draft loan agreements with clear repayment terms, default conditions, and collateral provisions to reduce litigation risk.


Loan Application

/ˈloʊn ˌæplɪˈkeɪʃən/

Definitions

  1. (n.) A formal request submitted by a borrower to a lender for the provision of a loan, detailing financial information and terms.
    She completed the loan application to seek funding for her new business.

Forms

  • loan application
  • loan applications

Commentary

Loan applications must be carefully drafted to accurately represent the borrower's financial status and purpose to avoid misrepresentation and delays.


Loan Application Register

/ˈloʊn ˌæplɪˈkeɪʃən ˈrɛdʒɪstər/

Definitions

  1. (n.) A formal record maintained by a lending institution documenting all loan applications received, including applicant information, application dates, statuses, and outcomes.
    The bank's loan application register is regularly reviewed to ensure compliance with lending regulations.

Forms

  • loan application register
  • loan application registers

Commentary

Maintain accuracy and completeness in the register to support regulatory audits and dispute resolution.


Loan Approval

/ˈloʊn əˌpruːvəl/

Definitions

  1. (n.) A formal decision by a lender granting a borrower permission to receive a loan under specified terms.
    The bank's loan approval is required before the buyer can finalize the property purchase.

Forms

  • loan approval

Commentary

Loan approval commonly follows underwriting and credit evaluation, marking the lender's consent to proceed with lending subject to agreed conditions.


Loan Covenant

/ˈloʊn ˈkʌvənənt/

Definitions

  1. (n.) A clause in a loan agreement that imposes certain conditions or restrictions on the borrower to protect the lender's interests.
    The loan covenant required the company to maintain a minimum debt-to-equity ratio.

Forms

  • loan covenant
  • loan covenants

Commentary

Loan covenants are crucial in credit agreements to manage credit risk; drafters should clearly specify conditions and remedies to avoid disputes.


Loan Deferment

/ˈloʊn dɪˈfɜrmənt/

Definitions

  1. (n.) A temporary suspension or postponement of loan payments allowed by the lender, often granted due to financial hardship or special circumstances.
    The borrower requested a loan deferment due to unexpected medical expenses.

Forms

  • loan deferment

Commentary

Loan deferment is distinct from forbearance; it formally postpones payments without accruing interest in some cases, so precise terms should be clearly drafted.


Loan Disbursement

/ˈloʊn dɪsˌbɜːrsmənt/

Definitions

  1. (n.) The official release or transfer of loan funds from a lender to a borrower pursuant to a loan agreement.
    The loan disbursement occurred after all contractual conditions were met.

Forms

  • loan disbursement

Commentary

Typically follows loan approval and is often conditioned on compliance with specific terms to ensure proper use of funds.


Loan Eligibility

/ˈloʊn ɪˌlɪdʒəˈbɪləti/

Definitions

  1. (n.) The legal qualification or criteria determining a borrower's right to obtain a loan under applicable laws and lending policies.
    The bank assessed her loan eligibility before approving the mortgage.

Forms

  • loan eligibility

Commentary

Loan eligibility is a key legal and financial concept often defined by statutory regulations and institutional policies affecting lending decisions.


Loan Estimate

/ˈloʊn ˌɛstɪmət/

Definitions

  1. (n.) A standardized disclosure form provided by a lender outlining the estimated costs, terms, and fees associated with a mortgage loan application.
    The borrower received the Loan Estimate within three business days of submitting the mortgage application.

Forms

  • loan estimate
  • loan estimates

Commentary

The Loan Estimate is required under the Truth in Lending Act and the Real Estate Settlement Procedures Act to promote transparency and borrower understanding of mortgage costs.


Loan Forgiveness

/ˈloʊn fərˌgɪvnəs/

Definitions

  1. (n.) The partial or total cancellation of a borrower's obligation to repay a loan, usually by a lender or government authority.
    The student received loan forgiveness after meeting all the qualifying criteria.

Forms

  • loan forgiveness

Commentary

Loan forgiveness provisions often depend on specific eligibility rules and may have tax implications for the borrower.


Loan Modification

/ˈloʊn ˌmɒdɪfɪˈkeɪʃən/

Definitions

  1. (n.) A mutually agreed change to the terms of an existing loan contract, typically to provide relief to the borrower facing financial hardship.
    The lender offered a loan modification to reduce the monthly payments and avoid foreclosure.

Forms

  • loan modifications

Commentary

Loan modifications are often used in contexts where borrowers risk default; clear documentation and lender consent are essential for enforceability.


Loan Officer

/ˈloʊn ˈɒfɪsər/

Definitions

  1. (n.) A person authorized to evaluate, approve, or recommend approval of loan applications, typically within financial institutions, ensuring compliance with lending regulations.
    The loan officer reviewed the applicant's credit history before approving the mortgage.

Forms

  • loan officer
  • loan officers

Commentary

Loan officers must balance risk management and regulatory compliance when assessing borrower eligibility.


Loan Origination

/ˈloʊn ˌɔrɪdʒɪˈneɪʃən/

Definitions

  1. (n.) The process by which a lender evaluates, approves, and funds a borrower's loan application.
    The bank's loan origination process includes credit checks and document verification.

Forms

  • loan originations

Commentary

Loan origination is a critical initial phase in lending that involves regulatory compliance and risk assessment to mitigate default risks.


Loan Prepayment

/ˈloʊn ˌpriːˈpeɪmənt/

Definitions

  1. (n.) The early repayment of all or part of a loan by the borrower before its scheduled maturity date.
    The borrower executed a loan prepayment to reduce future interest payments.

Forms

  • loan prepayment
  • loan prepayments

Commentary

Loan prepayment often triggers specific contractual provisions such as prepayment penalties or fees designed to compensate the lender for early termination of interest income.


Loan Repayment

/ˈloʊn rɪˌpeɪmənt/

Definitions

  1. (n.) The act of repaying money borrowed under a loan agreement, typically by installments over a specified period.
    The borrower made the final loan repayment ahead of schedule.

Forms

  • loan repayments

Commentary

Loan repayment refers specifically to the discharge of debt obligations under loan contracts and is critical in credit law and finance agreements.


Loan Servicing

/ˈloʊn ˈsɜːrvɪsɪŋ/

Definitions

  1. (n.) The administration of a loan from disbursement until payoff, including collection of payments, escrow management, and customer service.
    The loan servicing company ensured timely payment collection and proper record-keeping for all the mortgages.

Commentary

Loan servicing is distinct from loan origination; accurate servicing is crucial to avoid borrower disputes and regulatory penalties.


Loan Shark

/ˈloʊn ʃɑːrk/

Definitions

  1. (n.) A person who lends money at unlawfully high interest rates, often using threats or violence to enforce repayment.
    The victim reported the loan shark to the police after receiving threats for late payment.

Forms

  • loan sharks

Commentary

Term often appears in criminal and financial regulation contexts; drafting should clarify the unlawfulness of interest rates and coercive methods.


Loan Syndication

/ˈloʊn ˌsɪndɪˈkeɪʃən/

Definitions

  1. (n.) A financing arrangement where multiple lenders collectively provide portions of a loan to a single borrower under a unified agreement.
    The bank arranged loan syndication to distribute the risk among several financial institutions.
  2. (n.) The formal process and legal documentation involved in organizing and managing a syndicated loan.
    Loan syndication requires precise contracts to outline the rights and obligations of each lender.

Forms

  • loan syndications

Commentary

Loan syndication terms often require careful negotiation to balance interests of diverse lenders and the borrower.


Loan Underwriting

/ˈloʊn ˌʌndərˌraɪtɪŋ/

Definitions

  1. (n.) The process of evaluating, verifying, and approving a borrower's loan application to assess creditworthiness and risk.
    The bank's loan underwriting department rejected the application due to insufficient credit history.

Forms

  • loan underwriting

Commentary

Loan underwriting is a critical risk-management phase requiring thorough documentation and adherence to regulatory standards to mitigate lender exposure.


Loan-To-Value Ratio

/ˈloʊn-tuː-ˈvæljuː ˈreɪʃiˌoʊ/

Definitions

  1. (n.) The ratio of a loan to the value of the asset purchased, used by lenders to assess risk in secured lending.
    The lender refused the mortgage because the borrower’s loan-to-value ratio was too high.

Forms

  • loan-to-value ratio
  • loan-to-value ratios

Commentary

Loan-to-value ratio is a key metric in real estate and secured financing, impacting loan approvals and interest rates.


Loathe

/ˈloʊð/

Definitions

  1. (v.) To feel intense dislike or disgust for a person, act, or thing, which may influence legal judgments of motive or character.
    The plaintiff loathes the defendant due to years of alleged mistreatment.

Forms

  • loathe
  • loathes
  • loathed
  • loathing

Commentary

In legal contexts, loathing may bear on assessments of intent or emotional state but is generally a subjective feeling without direct legal effect.


Lobby

/ˈlɒbi/

Definitions

  1. (n.) A group or organization that seeks to influence legislation or government policy.
    The environmental lobby urged lawmakers to pass stricter pollution controls.
  2. (v.) To attempt to influence the decisions of legislators or government officials.
    Several companies lobbied Congress to amend the tax law.

Forms

  • lobby
  • lobbying
  • lobbied
  • lobbies

Commentary

When drafting, distinguish between the noun (the organized group) and the verb (the act of influencing); usage contexts often clarify intent.


Lobbying Disclosure

/ˈlɒb.i.ɪŋ dɪsˈkloʊ.ʒɚ/

Definitions

  1. (n.) The legal requirement to publicly reveal activities, expenditures, and identities related to efforts aimed at influencing government officials or legislation.
    The company filed its lobbying disclosure reports to comply with federal law.

Forms

  • lobbying disclosure

Commentary

Accurate and timely lobbying disclosures are critical for transparency and may be required at federal, state, or local levels depending on jurisdiction.


Lobbying Expenditures

/ˈlɒb.i.ɪŋ ɪkˈspɛn.dɪ.tʃərz/

Definitions

  1. (n.) Funds disbursed to influence legislation, regulation, or government decision-making by lobbyists on behalf of clients or organizations.
    The company reported substantial lobbying expenditures to comply with federal disclosure laws.

Forms

  • lobbying expenditures
  • lobbying expenditure

Commentary

In drafting legislation or compliance rules, clearly distinguish lobbying expenditures from other political expenses to ensure proper disclosure and reporting.


Lobbying Group

/ˈlɒbiɪŋ ɡruːp/

Definitions

  1. (n.) An organized group that attempts to influence legislation or government decisions on behalf of a particular interest or cause.
    The lobbying group advocated for stricter environmental regulations.

Forms

  • lobbying group
  • lobbying groups

Commentary

Lobbying groups are central actors in advocacy law, often regulated to ensure transparency in political influence.


Lobbying Regulation

/ˈlɒbiɪŋ ˌrɛɡjʊˈleɪʃən/

Definitions

  1. (n.) Legal framework governing activities aimed at influencing public officials or legislation.
    The lobbying regulation requires lobbyists to register and disclose their activities.
  2. (n.) Statutory provisions restricting or managing the conduct of lobbyists to ensure transparency and prevent undue influence.
    Lobbying regulations often include limitations on gifts to lawmakers.

Forms

  • lobbying regulation
  • lobbying regulations

Commentary

Lobbying regulation typically addresses disclosure, registration, and ethical standards to promote transparency and accountability in governmental decision-making.


Lobbyist

/ˈlɒbiɪst/

Definitions

  1. (n.) A person who seeks to influence legislators or government officials on behalf of a special interest or client.
    The lobbyist met with lawmakers to discuss environmental regulations.

Forms

  • lobbyist
  • lobbyists

Commentary

The term specifically denotes agents who engage in advocacy efforts directed at public officials, often requiring registration under lobbying laws.


Local

/ˈloʊ.kəl/

Definitions

  1. (adj.) Relating to a particular area or jurisdiction within a larger territory.
    The local court has authority over disputes arising within the county.
  2. (adj.) Pertaining to a law or ordinance enacted by a municipal or regional government.
    Local regulations often supplement federal laws in environmental matters.

Commentary

In legal contexts, 'local' often qualifies jurisdiction or the level of government authority, distinguishing it from state or federal levels.


Local Authority

/ˈloʊkəl əˈθɔːrɪti/

Definitions

  1. (n.) A public body vested with administrative powers over a specific geographical area, responsible for local governance and services.
    The local authority approved the new zoning regulations for the district.
  2. (n.) An entity empowered to enact and enforce regulations, collect taxes, and manage public resources within its jurisdiction.
    Local authorities have the power to impose property taxes to fund public services.

Forms

  • local authority
  • local authorities

Commentary

In legal drafting, it is important to specify the jurisdiction and scope of a local authority, as powers and responsibilities can vary significantly by statute or region.


Local Content Regulations

/ˈloʊkəl ˈkɒntɛnt ˌrɛɡjʊˈleɪʃənz/

Definitions

  1. (n.) Legal requirements mandating the use of domestically sourced goods, services, labor, or materials in business operations or projects within a jurisdiction.
    The government imposed local content regulations to promote the employment of local workers in the oil industry.

Forms

  • local content regulations
  • local content regulation

Commentary

Local content regulations aim to stimulate local economies but must be carefully tailored to comply with international trade obligations.


Local Counsel

/ˈloʊkəl ˈkaʊnsəl/

Definitions

  1. (n.) An attorney licensed in a particular jurisdiction who assists out-of-jurisdiction counsel by advising on local laws and court procedures.
    The foreign lawyer retained local counsel to navigate the state's complex filing requirements.

Forms

  • local counsel

Commentary

Local counsel often acts as liaison to the court and may file appearances on behalf of lead counsel from other jurisdictions.


Local Court

/ˈloʊkəl kɔːrt/

Definitions

  1. (n.) A lower court with jurisdiction over minor civil and criminal matters within a limited geographic area.
    The dispute was initially heard in the local court before being escalated.

Forms

  • local court
  • local courts

Commentary

Local courts often serve as courts of first instance for less serious cases, emphasizing accessibility and expedient resolution.


Local Enforcement

/ˈloʊkəl ɪnˈfɔːrsmənt/

Definitions

  1. (n.) The execution and application of laws or regulations by local governmental authorities.
    Local enforcement of zoning laws ensures compliance with community planning.
  2. (n.) The exercise of policing or administrative powers by municipal or regional agencies.
    Local enforcement agencies investigated the environmental violations.

Forms

  • local enforcement

Commentary

Term typically refers to law enforcement or regulatory compliance conducted by local authorities rather than state or federal entities.


Local Exchange Carrier

/ˈloʊkəl ɪksˈtʃeɪndʒ ˈkærɪər/

Definitions

  1. (n.) A telecommunications company authorized to provide local telephone service within a specified area.
    The local exchange carrier is responsible for maintaining the regional telephone network.

Forms

  • local exchange carrier
  • local exchange carriers

Commentary

Term primarily used in regulatory and telecommunications law; often contrasted with interexchange carriers which provide long-distance services.


Local Executive

/ˈloʊkəl ɪɡˈzɛkjətɪv/

Definitions

  1. (n.) An official or body responsible for the administration and enforcement of laws and policies at the local government level.
    The local executive approved the new zoning regulations to enhance urban development.

Forms

  • local executive
  • local executives

Commentary

The term typically refers to elected or appointed officials who manage local government operations; clarity in context is important as titles and powers vary by jurisdiction.


Local Government

/ˈloʊkəl ˈɡʌvərnmənt/

Definitions

  1. (n.) A public authority that governs a designated local area, managing local affairs and services under powers delegated by the central government.
    The local government enacted new zoning regulations to manage urban development.

Commentary

Usage varies by jurisdiction; local governments typically have statutory powers and duties defined by higher governing laws.


Local Government Finance

/ˈloʊ.kəl ˈɡʌvərnmənt fəˈnæns/

Definitions

  1. (n.) The management and regulation of revenue and expenditures by local government authorities.
    Local government finance includes the collection of taxes and allocation of budgets for municipal services.
  2. (n.) The legal and administrative framework controlling the funding and fiscal policies of local governments.
    Changes in local government finance law can affect municipal project funding.

Forms

  • local government finance
  • local government finances

Commentary

Local government finance often requires balancing statutory restrictions with revenue-raising powers; precise drafting ensures clear allocation of fiscal responsibility.


Local Government Law

/ˈloʊkəl ˈɡʌvərnmənt lɔː/

Definitions

  1. (n.) The body of law governing the operation, structure, powers, and functions of local government entities such as municipalities, counties, and districts.
    Local government law dictates how city councils must conduct their meetings legally.
  2. (n.) Legal framework regulating the relationship between local governments and higher levels of government, including delegation of powers and preemption issues.
    State statutes often preempt local government law on zoning restrictions.

Forms

  • local government law

Commentary

Local government law is distinct from municipal law in that it includes the broader regulatory framework governing all types of local authorities, not just cities; drafters should specify jurisdictional scope carefully.


Local Government Media

/ˈloʊkəl ˈɡʌvərnmənt ˈmidiə/

Definitions

  1. (n.) Media platforms and outlets controlled or operated by local government entities to disseminate official information and engage with the public.
    The city council used local government media to announce new public health measures.

Forms

  • local government media

Commentary

Local government media typically focuses on official communication and transparency, distinct from private or commercial media.


Local Government Regulation

/ˈloʊkəl ˈɡʌvərnmənt ˌrɛɡjʊˈleɪʃən/

Definitions

  1. (n.) Rules and statutes enacted by local governmental bodies to regulate activities within their jurisdiction.
    The local government regulation requires all businesses to obtain a permit before operating.

Forms

  • local government regulation
  • local government regulations

Commentary

Typically, local government regulations derive authority from enabling statutes and must comply with higher levels of law, such as state or federal statutes.


Local Law

/ˈloʊkəl lɔː/

Definitions

  1. (n.) A law enacted by a municipal or local government authority, distinct from state or federal law.
    The city council passed a local law restricting noise levels at night.

Forms

  • local laws

Commentary

Local laws typically address community-specific issues and may not conflict with higher-level statutes.


Local Law Enforcement

/ˈloʊkəl lɔː ɛnˈfɔːrsmənt/

Definitions

  1. (n.) Governmental agencies or officers responsible for maintaining public order, enforcing laws, and preventing crime within a local jurisdiction such as a city, county, or municipality.
    Local law enforcement responded quickly to the disturbance reported downtown.

Forms

  • local law enforcement

Commentary

This term typically refers to police and related agencies operating under city or county authority, distinct from state or federal law enforcement bodies.


Local Law Enforcement Officer

/ˈloʊkəl lɔː ɪnˈfɔːrsmənt ˈɒfəsər/

Definitions

  1. (n.) An individual authorized by a local government to enforce laws, maintain public order, and prevent, detect, or investigate crimes within a municipality or county.
    The local law enforcement officer responded promptly to the burglary report.

Forms

  • local law enforcement officer
  • local law enforcement officers

Commentary

The term typically refers to officers employed by municipal or county law enforcement agencies; synonyms may vary by jurisdiction.


Local Ordinance

/ˈloʊkəl ɔrˈdɪnəns/

Definitions

  1. (n.) A law or regulation enacted by a municipal government or local authority.
    The city council passed a new local ordinance regulating noise levels at night.

Forms

  • local ordinance
  • local ordinances

Commentary

Local ordinances typically address issues specific to a city or county and must conform with state and federal law.


Local Tax

/ˈloʊkəl tæks/

Definitions

  1. (n.) A tax imposed by a local government authority on residents or businesses within its jurisdiction.
    The city council approved a new local tax to fund public schools.

Forms

  • local tax

Commentary

Local taxes vary widely by jurisdiction and must be clearly specified by the governing local authority to avoid overlapping with state or federal taxation.


Localism

/ˈloʊkəlˌɪzəm/

Definitions

  1. (n.) A legal principle or policy favoring local governance and local regulation over broader jurisdictions.
    The city's zoning regulations reflect a strong adherence to localism, prioritizing community preferences.
  2. (n.) The constitutional doctrine emphasizing the distribution of powers between local, state, and federal governments.
    Localism can limit federal intervention in municipal affairs under constitutional law.

Forms

  • localism

Commentary

Localism in legal contexts often highlights tensions between different layers of government authority; drafters should clarify the scope of local versus higher jurisdiction powers.


Locality

/ˌloʊˈkælɪti/

Definitions

  1. (n.) A geographical area defined for legal purposes, often affecting jurisdiction, property rights, or administrative matters.
    The court determined the proper locality for filing the property dispute was the county where the land is situated.
  2. (n.) The legal concept relating to the territorial scope within which certain laws, rights, or regulations apply.
    Locality can affect the applicability of zoning laws to a particular property.

Forms

  • localities

Commentary

Locality often influences the jurisdictional basis and regulatory framework in legal contexts, making precise territorial definitions critical in drafting and interpretation.


Localization Policy

/ˌloʊkələˈzeɪʃən ˈpɑlɪsi/

Definitions

  1. (n.) A formal set of guidelines adopted by an organization or government to govern the adaptation of products, services, or content to meet local legal, cultural, and linguistic requirements.
    The company developed a localization policy to ensure all software complied with regional laws and customs.
  2. (n.) A data governance rule specifying the geographic or jurisdictional limits on where data must be stored or processed to comply with local privacy and security laws.
    The localization policy mandated that all customer data remain on servers physically located within the country.

Forms

  • localization policy

Commentary

Localization policies often require balancing legal compliance with practical business considerations; clarity in specifying the scope of localization (e.g., data vs. products) is essential in drafting.


Locate

/ˈloʊ.keɪt/

Definitions

  1. (v.) To find or identify the position or place of a person, property, or document relevant to a legal matter.
    The plaintiff's counsel was unable to locate the defendant's last known address.
  2. (v.) To establish jurisdiction or venue by determining the geographic or legal place of a transaction or occurrence.
    The court must locate the proper jurisdiction before proceeding with the case.

Forms

  • locates
  • locating
  • located

Commentary

In legal drafting, "locate" often relates to establishing jurisdiction or venue and should be used precisely to avoid ambiguity regarding the subject or object being located.


Location

/ˌloʊˈkeɪʃən/

Definitions

  1. (n.) A specific place or position designated for legal purposes, such as property, jurisdiction, or event site.
    The contract specified the location where the property transfer would occur.
  2. (n.) In intellectual property law, the placing of a work or performance in a certain jurisdiction affecting applicable rights and remedies.
    The location of the infringement determined which country's laws applied.
  3. (n.) In procedural law, a venue where a trial or hearing is held.
    The trial's location was changed to a different county courthouse.

Forms

  • locations

Commentary

In legal drafting, clarifying the location precisely can affect jurisdiction, applicable law, and enforceability.


Location Clause

/ˈloʊkəʃən klɔːz/

Definitions

  1. (n.) A provision in a contract specifying the jurisdiction or venue for dispute resolution.
    The location clause determined that any legal action would be filed in New York courts.
  2. (n.) A contractual term designating the physical site where the performance must occur.
    The contract included a location clause requiring the delivery to be made at the warehouse.

Forms

  • location clause
  • location clauses

Commentary

Location clauses help clarify jurisdictional and venue questions, reducing litigation over where disputes will be adjudicated or contractual duties performed.


Location Data

/ˈloʊ.keɪ.ʃən ˈdeɪ.tə/

Definitions

  1. (n.) Data representing the geographic position or coordinates of a person, device, or object, used to infer place or movement.
    The company was required to disclose location data to law enforcement following a subpoena.

Forms

  • location data

Commentary

Location data often raises distinct privacy considerations under data protection laws due to its sensitive nature and potential to reveal personal habits and whereabouts.


Location Survey

/ˈloʊ.kə.ʃən ˈsɜr.veɪ/

Definitions

  1. (n.) A professional assessment and mapping of a property's boundaries and features for legal and planning purposes.
    The title search required a location survey to confirm the land boundaries.

Forms

  • location surveys

Commentary

A location survey is primarily used to verify legal boundaries and identify encroachments, differing from other surveys by focusing on location rather than detailed topography.


Locator

/ˈloʊˌkeɪtər/

Definitions

  1. (n.) A person or device that identifies or finds a location, often used in legal contexts such as property or asset tracing.
    The locator helped the attorney find the current owner of the disputed property.
  2. (n.) A contractual agent engaged to identify and secure properties or assets, especially in real estate or debt collection.
    The company employed a locator to find delinquent debtors' addresses.

Forms

  • locators

Commentary

In legal drafting, distinguish 'locator' as an agent from technological devices to avoid ambiguity in contracts.


Loci

/ˈloʊsaɪ/

Definitions

  1. (n.) Specific places or positions relevant to legal context, often used to designate locations central to legal rights or actions.
    The loci of the disputed property determine jurisdiction.

Commentary

Often used in contexts involving property, jurisdiction, and procedural matters to indicate legally significant locations.


Lock

/ˈlɒk/

Definitions

  1. (n.) A mechanical or electronic fastening device securing doors, containers, or items against unauthorized access.
    The tenant was responsible for changing the lock after moving in.
  2. (n.) A device or structure maintaining a fixed water level in a canal section, allowing vessels to be raised or lowered between stretches of different levels.
    The barge passed through the lock to enter the higher waterway.
  3. (v.) To fasten or secure with a lock or similar device.
    Please lock the office door before leaving.

Forms

  • locks
  • locked
  • locking

Commentary

In legal drafting, distinguish 'lock' as a physical security device from metaphoric uses; also consider 'lock' in property and maritime contexts.


Lock-In

/ˈlɒkˌɪn/

Definitions

  1. (n.) A contractual or strategic situation where a party is compelled or prevented from changing terms, conditions, or affiliations, often to the disadvantage of free choice or competition.
    The software vendor used a lock-in clause to prevent customers from switching to competitors.
  2. (n.) In mergers and acquisitions, a provision that restricts shareholders from selling shares or transferring control to outsiders for a specified period.
    The lock-in period ensured shareholders could not sell shares immediately after the merger.

Commentary

Lock-in provisions are often scrutinized for anticompetitive effects and should be clearly defined to avoid legal disputes concerning restraint of trade.


Lockdown

/ˈlɑːkˌdaʊn/

Definitions

  1. (n.) A government- or authority-imposed restriction limiting movement, activities, or access to certain areas, typically during emergencies like pandemics or civil unrest.
    The city imposed a strict lockdown to curb the spread of the virus.
  2. (v.) To impose or enforce a lockdown.
    Authorities decided to lockdown the affected district due to security threats.

Forms

  • lockdowns
  • locking down
  • locked down
  • locks down

Commentary

In legal contexts, 'lockdown' primarily refers to emergency restrictions limiting physical movement or access; clarity in drafting should specify scope and duration to avoid ambiguity.


Lockin

/ˈlɒkɪn/

Definitions

  1. (n.) A contractual provision that restricts a party from changing or terminating a relationship or arrangement within a stipulated period.
    The shareholders agreed to a lockin period preventing them from selling their shares for five years.
  2. (adj.) Relating to or characterized by such restrictions or periods where withdrawal or changes are prohibited.
    The lockin clause in the employment contract prevents resignation without notice.

Forms

  • lock-in

Commentary

Lockin provisions are often used to ensure stability in business and investment contexts; drafters should clearly specify duration and scope to avoid enforceability issues.


Lockout

/ˈlɒkaʊt/

Definitions

  1. (n.) An employer-initiated work stoppage to enforce terms during labor disputes by preventing employees from working.
    The company declared a lockout to pressure the union during contract negotiations.
  2. (n.) A temporary exclusion from premises or services, often to enforce compliance or security measures.
    The bank imposed a lockout on the account after suspicious activity was detected.

Forms

  • lockouts
  • lockouted
  • lockouting

Commentary

In labor law, 'lockout' is employer-initiated, contrasted with worker-initiated strikes; clarity in contract drafting is essential to define conditions triggering a lockout.


Locomotive

/ˌloʊ.kəˈmoʊ.tɪv/

Definitions

  1. (n.) A self-propelled railway vehicle that provides the motive power for a train.
    The locomotive pulled the freight cars across the state line.

Forms

  • locomotives

Commentary

In legal contexts, 'locomotive' is often relevant in transportation law, liability issues, and regulatory frameworks governing railways.


Locum Tenens Lawyer

/ˈloʊkəm ˈtiːnəns ˈlɔːjər/

Definitions

  1. (n.) A lawyer temporarily appointed to perform the duties of another lawyer, often during absence or incapacity.
    The firm hired a locum tenens lawyer to manage the caseload while the senior partner was on leave.

Forms

  • locum tenens lawyer
  • locum tenens lawyers

Commentary

Typically used in law firms or legal practices to ensure continuity; contract terms should clearly define the scope and duration of engagement.


Locus

/ˈloʊkəs/

Definitions

  1. (n.) The legal right or capacity to bring an action or to appear in court, often referred to as standing.
    The plaintiff lacked locus to sue because she was not directly affected by the defendant’s conduct.
  2. (n.) The place or site where a legal event occurs, such as the locus delicti (place of the crime).
    The court established the locus delicti as the jurisdiction where the offense was committed.

Commentary

‘Locus’ often appears in the phrase ‘locus standi,’ referring to the right to bring suit; precision in distinguishing standing from jurisdiction is crucial in legal contexts.


Locus Delicti

/ˈloʊkəs dɪˈlɪkti/

Definitions

  1. (n.) The place where a crime was committed or where the essential facts constituting a crime occurred.
    The police secured the locus delicti to preserve evidence for the investigation.

Commentary

Locus delicti is crucial in establishing jurisdiction and preserving crime scene evidence; precise identification supports legal clarity and evidentiary integrity.


Locus Standi

/ˈloʊkəs ˈstændi/

Definitions

  1. (n.) The right or capacity of a party to bring an action or to be heard in a court.
    The plaintiff lacked locus standi to challenge the statute.

Commentary

Locus standi is a foundational concept defining who is entitled to bring a case; drafting must clearly identify this right to avoid dismissal on procedural grounds.


Lodging

/ˈlɒdʒɪŋ/

Definitions

  1. (n.) Temporary accommodation or housing, often considered in legal contexts involving real property, tenant rights, or hospitality law.
    The defendant was charged with failing to provide adequate lodging to the tenants.
  2. (n.) The act of formally submitting a document or objection, especially in court or administrative proceedings.
    The lodging of the appeal must comply with the procedural rules.

Forms

  • lodgings

Commentary

The term covers both physical accommodation and procedural submissions; distinguish context carefully to ensure correct legal application.


Lodging House

/ˈlɒdʒɪŋ haʊs/

Definitions

  1. (n.) A building providing rented rooms for residents, often with limited services, distinct from hotels or boarding houses.
    The tenant stayed in a lodging house while working temporarily in the city.

Forms

  • lodging house
  • lodging houses

Commentary

Legal distinctions between lodging houses and boarding houses often hinge on services provided and tenancy rights, important for regulatory and liability considerations.


Log

/lɒg/

Definitions

  1. (n.) A written record of events, transactions, or communications, maintained for legal or official purposes.
    The company kept a log of all financial transactions for auditing.
  2. (v.) To record events, transactions, or actions in a log for documentation.
    The clerk logged every phone call related to the case.

Forms

  • logs
  • logged
  • logging

Commentary

In legal documents, a log must be clear and accurate to ensure it can serve as reliable evidence.


Logbook

/ˈlɒgˌbʊk/

Definitions

  1. (n.) An official record book used to document events, transactions, or occurrences relevant to legal, transport, or maritime contexts.
    The captain maintained a detailed logbook of the ship’s daily operations.

Commentary

Logbooks serve as vital evidence in disputes, audits, and regulatory compliance, so accuracy and timely entries are essential.


Logged

/ˈlɒɡd/

Definitions

  1. (v.) Past tense and past participle of log, meaning to record information in an official or systematic way, often for legal or compliance purposes.
    The clerk logged the transaction in the official ledger.

Commentary

As a past tense and participle form, 'logged' relates directly to the act of recording or entering data, commonly used in legal contexts involving compliance and evidence documentation.


Logging

/ˈlɒɡɪŋ/

Definitions

  1. (n.) The act or process of cutting, removing, and transporting trees for commercial use, often regulated by environmental and property laws.
    The company obtained a permit to engage in logging on the designated forest land.

Commentary

In legal contexts, logging commonly involves regulatory compliance concerning property rights and environmental protection; precise definitions may vary by jurisdiction.


Logic

/ˈlɒdʒɪk/

Definitions

  1. (n.) The systematic principles of valid legal reasoning and argumentation applied in law.
    The judge relied on strict logic to interpret the ambiguous statute.
  2. (n.) The structure of legal arguments ensuring consistency and coherence in legal decisions.
    Effective legal logic is essential for persuasive advocacy.

Commentary

In legal contexts, logic refers specifically to the rigorous principles guiding argument validity and consistency, distinct from general or philosophical logic.


Logical

/ˈlɒdʒɪkəl/

Definitions

  1. (adj.) Pertaining to or characterized by clear, sound reasoning in legal argument or analysis.
    The attorney's logical approach helped clarify the complex contract dispute.
  2. (adj.) Consistent with principles of formal logic as applied to legal interpretation or statutory construction.
    The court applied a logical framework to interpret the ambiguous statute.

Commentary

In legal contexts, logical connotes the coherent and structured reasoning essential for argumentation and interpretation; drafters should ensure arguments exhibit logical consistency to be persuasive.


Logical Entrapment

/ˈlɒdʒɪkəl ɛnˈtræpmənt/

Definitions

  1. (n.) A legal concept describing a situation where a defendant is unfairly induced by law enforcement or prosecution into committing a crime they would not have otherwise committed, based on reasoning or argumentation that traps the defendant logically.
    The defense argued the defendant's actions were the result of logical entrapment and should not be admissible as evidence.

Forms

  • logical entrapment

Commentary

Logical entrapment focuses on unfair reasoning or argument tactics by authorities, distinct from physical or coercive entrapment.


Logical Fallacy

/ˈlɒdʒɪkəl ˈfæləsi/

Definitions

  1. (n.) An error in reasoning or argumentation that undermines the validity of a legal claim or position.
    The judge identified a logical fallacy in the plaintiff's argument, weakening their case.

Forms

  • logical fallacies

Commentary

Legal arguments must avoid logical fallacies to maintain persuasiveness and sound reasoning.


Logical Form

/ˈlɒdʒɪkəl fɔːm/

Definitions

  1. (n.) A formal representation of the meaning or structure of a legal statement or argument, used to clarify legal reasoning and analyze the logical relationships within legal texts.
    The lawyer used the logical form of the contract clause to demonstrate its inconsistency with statutory requirements.

Forms

  • logical forms

Commentary

Logical form in legal contexts aids in the precise examination of legal language and argument structure, facilitating clearer interpretation and application.


Logical Premise

/ˈlɒdʒɪkəl ˈprɛmɪs/

Definitions

  1. (n.) A foundational statement or proposition in legal reasoning from which conclusions are drawn.
    The judge identified the defendant's negligence as the key logical premise for liability.

Forms

  • logical premises

Commentary

In legal contexts, the term refers specifically to propositions that underpin legal arguments or decisions, emphasizing their role in structured reasoning.


Logical Trap

/ˈlɒdʒɪkəl træp/

Definitions

  1. (n.) A reasoning error or fallacy that undermines legal argumentation or logical coherence in judicial reasoning.
    The lawyer fell into a logical trap by assuming causation without evidence.

Forms

  • logical trap
  • logical traps

Commentary

Logical traps often occur in legal arguments, making it crucial to identify fallacies to maintain sound reasoning in litigation or statutory interpretation.


Logically

/ˈlɒdʒɪkli/

Definitions

  1. (adv.) In a manner consistent with the principles of logic and sound legal reasoning.
    The judge logically deduced the outcome based on the statute and precedent.

Commentary

Used chiefly to describe coherence and consistency in legal argumentation and judicial decisions.


Logistics

/ˈlɒdʒɪstɪks/

Definitions

  1. (n.) The legal and contractual management of the transportation, storage, and distribution of goods and services.
    The contract included detailed provisions on the logistics of delivering the equipment.

Commentary

In legal contexts, logistics often involves detailed contractual obligations governing supply and delivery terms.


Logistics Agreement

/ˈlɒdʒɪstɪks əˈɡriːmənt/

Definitions

  1. (n.) A contract between parties detailing the terms and responsibilities for the transportation, storage, and distribution of goods.
    The companies signed a logistics agreement to coordinate international shipping and warehousing.
  2. (n.) A legally binding arrangement governing third-party logistics services, often including liabilities, performance standards, and payment terms.
    The logistics agreement stipulated penalties for delayed deliveries and damage to goods.

Forms

  • logistics agreement
  • logistics agreements

Commentary

Typically drafted with precision to delineate duties, liabilities, and risk management in supply chain operations.


Logistics Contract

/ˈlɒdʒɪstɪks ˈkɒntrækt/

Definitions

  1. (n.) A legally binding agreement outlining the terms and conditions for transportation, storage, and distribution services of goods.
    The parties entered into a logistics contract to manage the delivery and warehousing of merchandise.

Forms

  • logistics contract
  • logistics contracts

Commentary

Typically involves specific clauses addressing liability, timelines, and responsibilities unique to logistics services.


Logistics Law

/ˈlɒdʒɪstɪks lɔː/

Definitions

  1. (n.) The body of law governing the planning, implementation, and control of the movement and storage of goods, services, and information within supply chain operations.
    The company sought legal advice to ensure compliance with logistics law in its international shipping practices.

Forms

  • logistics law

Commentary

Often intertwined with transportation and trade law, logistics law emphasizes regulatory compliance and contractual obligations in the supply chain context.


Logistics Provider

/ˈlɒdʒɪstɪks prəˈvaɪdər/

Definitions

  1. (n.) An entity contracted to handle various stages of the supply chain, including transportation, warehousing, and distribution, under defined legal agreements.
    The logistics provider was liable for damages due to delayed delivery under the contract.

Forms

  • logistics provider
  • logistics providers

Commentary

Use precise contractual terms to delineate obligations and liabilities of logistics providers, ensuring clarity on scope of services and risk allocation.


Logistics Support

/ˌlɒdʒɪsˈtɪks səˌpɔːrt/

Definitions

  1. (n.) The provision of services and resources necessary to support the operational and maintenance needs of legal and contractual obligations, particularly in defense and government contracts.
    The contract specifies requirements for logistics support to ensure equipment readiness throughout the project duration.

Forms

  • logistics support

Commentary

In legal contexts, logistics support often appears within contracts addressing supply, maintenance, and operational readiness, requiring precise definition to allocate responsibilities and liabilities.



Loitering

/ˈlɔɪtərɪŋ/

Definitions

  1. (n.) The act of remaining in a public place without an apparent purpose, often prohibited by law to prevent disorderly conduct or suspicious activity.
    He was arrested for loitering near the school after hours.

Forms

  • loitering
  • loiters
  • loitered

Commentary

Loitering laws must be carefully drafted to avoid vagueness and protect constitutional rights, especially concerning freedom of movement and assembly.


Long-Arm Statute

/ˈlɔŋ ɑrm ˈstætʃuːt/

Definitions

  1. (n.) A statute allowing a state court to exercise jurisdiction over an out-of-state defendant based on certain minimum contacts within the state.
    The long-arm statute enabled the court to hear the case despite the defendant residing out of state.

Forms

  • long-arm statute
  • long-arm statutes

Commentary

Long-arm statutes vary by jurisdiction; drafters should ensure their statute aligns with constitutional due process limits on personal jurisdiction.


Long-Distance Carrier

/ˈlɔŋˌdɪstəns ˈkæriər/

Definitions

  1. (n.) A telecommunications company authorized to provide telephone services between distant geographic areas, often across state or national boundaries.
    The long-distance carrier imposed per-minute charges on the international calls.

Forms

  • long-distance carrier
  • long-distance carriers

Commentary

In regulatory contexts, the term distinguishes these carriers from local exchange carriers and is significant in tariff and service regulation.


Long-Term

/ˈlɔŋˌtɜrm/

Definitions

  1. (adj.) Relating to or extending over a considerable duration, especially beyond the immediate or short term, often used in contracts, investments, or planning.
    The parties agreed to a long-term lease lasting twenty years.
  2. (adj.) Denoting obligations, liabilities, or assets not due or realizable within one year.
    Long-term liabilities must be disclosed in the financial statements.

Commentary

The term is typically adjectival and used to qualify periods, obligations, or agreements extending beyond one year in legal contexts.


Long-Term Care

/ˌlɔːŋˈtɜːrm kɛr/

Definitions

  1. (n.) Ongoing health and personal care services for individuals with chronic illness, disability, or limited functional capacity, typically provided in nursing homes, assisted living, or at home.
    The patient requires long-term care due to a debilitating neurological condition.
  2. (n.) Legal and financial arrangements governing the provision, funding, and regulation of extended care services.
    Estate planning often addresses the costs associated with long-term care.

Forms

  • long-term care

Commentary

Legal references to long-term care often address liability issues, insurance coverage, and regulatory compliance in settings providing extended care services.


Long-Term Care Facility

/ˌlɔːŋ tɜːrm kɛr fəˈsɪləti/

Definitions

  1. (n.) A residential institution providing extended medical and personal care for individuals unable to manage independently due to chronic illness, disability, or age.
    The patient was admitted to a long-term care facility to receive ongoing nursing support.

Forms

  • long-term care facility
  • long-term care facilities

Commentary

Often defined and regulated under state and federal law, long-term care facilities must comply with specific standards for patient care, staffing, and rights protections.


Long-Term Care Insurance

/ˌlɔːŋ tɜːrm keər ɪnˈʃʊərəns/

Definitions

  1. (n.) A type of insurance policy that covers costs associated with long-term care services, such as nursing home care, home health care, or assisted living, typically not covered by regular health insurance.
    She purchased long-term care insurance to secure financial support for potential nursing home expenses.

Forms

  • long-term care insurance
  • long-term care insurances

Commentary

Long-term care insurance often requires careful drafting to specify covered services, elimination periods, and benefit triggers to avoid disputes.


Long-Term Disability Insurance

/ˌlɔːŋ tɜːrm dɪsˈæbɪləti ɪnˈʃʊərəns/

Definitions

  1. (n.) An insurance policy that provides income replacement benefits to insured persons who become unable to work due to a disabling injury or illness lasting for an extended period, typically beyond short-term disability coverage.
    She filed a claim under her long-term disability insurance after being unable to return to work for six months.

Forms

  • long-term disability insurance

Commentary

Long-term disability insurance differs from short-term coverage by providing benefits after an initial waiting period, often involving detailed medical and eligibility criteria in policy drafting.


Long-Term Investments

/ˈlɒŋˌtɜrm ɪnˈvɛstmənts/

Definitions

  1. (n.) Assets held for investment over a period longer than one year, typically in securities, property, or bonds, not intended for immediate liquidation.
    The company recorded its long-term investments in government bonds on the balance sheet.

Forms

  • long-term investments
  • long-term investment

Commentary

Typically distinguished from current investments by duration and liquidity intent; clarity in long-term investment classification is crucial for accurate financial reporting and legal compliance.


Long-Term Liability

/ˈlɔːŋˌtɜrm laɪəˈbɪləti/

Definitions

  1. (n.) A debt or financial obligation of a business or individual that is due beyond one year.
    The company's long-term liabilities include loans payable over the next ten years.

Forms

  • long-term liability
  • long-term liabilities

Commentary

In drafting, specify the maturity period to distinguish long-term liabilities from current liabilities, which are due within one year.


Loophole

/ˈluːpˌhoʊl/

Definitions

  1. (n.) A gap or ambiguity in legal rules or statutes that allows evasion of their intent.
    The company exploited a loophole in tax law to minimize its liabilities.

Forms

  • loopholes

Commentary

Loopholes often arise from imprecise drafting; careful statutory construction can minimize their occurrence.


Lord

/lɔrd/

Definitions

  1. (n.) A person having authority, control, or power over others; specifically, a landowner entitled to hold feudal property rights.
    The lord granted tenancy of the manor to his vassal.
  2. (n.) A member of the British nobility or peerage, especially in the House of Lords.
    The lord addressed the debate in the House of Lords.

Forms

  • lords

Commentary

The term 'lord' often conveys specific feudal and noble connotations in legal contexts; usage varies historically and by jurisdiction.


Lord Chancellor

/ˈlɔːrd ˈtʃɑːnsələr/

Definitions

  1. (n.) A senior official in the United Kingdom historically responsible for the judiciary, presiding over the House of Lords in its judicial capacity, and various executive and legislative duties.
    The Lord Chancellor plays a crucial role in the UK's constitutional framework.

Forms

  • lord chancellor
  • lord chancellors

Commentary

The role and functions of the Lord Chancellor have evolved, especially following the Constitutional Reform Act 2005, which separated some judicial responsibilities.


Lord of the Manor

/ˈlɔːrd əv ðə ˈmænər/

Definitions

  1. (n.) The individual who holds a manor house and its accompanying estate, historically with certain property rights and local jurisdiction.
    The lord of the manor had the authority to hold court and collect rents from tenants.
  2. (n.) A person entitled to the profit or benefits of manorial rights, including common rights or minerals on the land.
    As lord of the manor, she retained the right to extract minerals beneath the estate.

Forms

  • lords of the manor

Commentary

The term retains historical and property law significance, particularly regarding residual manorial rights; modern usage often relates to property ownership and local customs rather than sovereign jurisdiction.


Lord Paramount

/ˈlɔːrd pəˈræməʊnt/

Definitions

  1. (n.) A feudal superior with ultimate ownership and authority over all lands within a territory, prevailing over all other lords and tenants.
    The lord paramount held the highest authority over the entire county, with all land ultimately held under his tenure.

Forms

  • lord paramount
  • lord paramounts

Commentary

The term is chiefly historical, used in feudal law to denote the supreme lord to whom all other lords were subordinate; modern usage may be metaphorical.


Lordship

/ˈlɔːrdʃɪp/

Definitions

  1. (n.) The authority, power, or legal domain of a lord over land or tenants.
    The lordship granted him the right to collect rents from the estate.
  2. (n.) A formal title or form of address used for a peer or noble in certain legal and social contexts.
    The lawyer addressed the judge as "Your Lordship."

Commentary

In legal drafting, distinguish between lordship as a territorial or jurisdictional authority and as a title of honor or respect.


Loser Pays Principle

/ˈluːzər peɪz ˈprɪnsəpəl/

Definitions

  1. (n.) A legal doctrine requiring the losing party in litigation to pay the legal costs of the winning party.
    Under the loser pays principle, the defendant was ordered to cover the plaintiff's attorney fees.

Forms

  • loser pays principle

Commentary

This principle contrasts with the "American Rule," where each party typically bears its own legal costs regardless of the outcome.


Loss

/ˈlɒs/

Definitions

  1. (n.) The detriment or damage suffered, especially in financial or property terms, as a result of injury, breach, or liability.
    The plaintiff claimed damages for loss of income due to the accident.
  2. (n.) The amount by which expenses or costs exceed income or revenue, particularly in business or insurance contexts.
    The company reported a significant loss in the last fiscal year.
  3. (n.) The deprivation of property or the failure to possess an expected legal right.
    The seizure of assets amounted to a total loss for the defendant.

Forms

  • losses

Commentary

In legal drafting, specify the type of loss (economic, consequential, actual) to avoid ambiguity in claims and contracts.


Loss Adjuster

/ˈlɒs əˌdʒʌstə/

Definitions

  1. (n.) A professional who investigates and evaluates insurance claims to determine the insurer's liability and the amount payable.
    The loss adjuster inspected the damaged property before approving the insurance claim.

Forms

  • loss adjuster
  • loss adjusters

Commentary

The role of the loss adjuster is crucial in mediating between insurers and policyholders; clear drafting should specify the scope of their authority and reporting duties.


Loss Adjustment Expense

/ˈlɒs əˌdʒʌstmənt ɪksˈpɛns/

Definitions

  1. (n.) Expenses incurred by an insurer to investigate and settle claims, including legal fees, adjuster salaries, and related costs.
    The insurance company accounted for loss adjustment expenses separately from claim payouts.

Forms

  • loss adjustment expense
  • loss adjustment expenses

Commentary

Typically classified as part of underwriting expenses, loss adjustment expenses are important for evaluating an insurer's operational costs related to claims handling.


Loss Assessment

/ˈlɔs əˌsɛsmənt/

Definitions

  1. (n.) An evaluation or appraisal of the financial liability that a property owner may be required to pay to cover shared damages or expenses within a common-interest development or insurance claim.
    The condo board conducted a loss assessment after the flood to determine each owner's share of the repair costs.

Forms

  • loss assessment
  • loss assessments

Commentary

Loss assessment specifically relates to apportioning costs among multiple parties, often in contexts like condominium associations or insurance settlements; clarity about the scope and method is key when drafting related provisions.


Loss Assessor

/ˈlɒs əˌsɛsər/

Definitions

  1. (n.) A professional appointed by an insured party to assess, quantify, and negotiate insurance claims for losses.
    The loss assessor reviewed the damage to the property to help the client file an insurance claim.

Forms

  • loss assessor
  • loss assessors

Commentary

Distinct from loss adjusters, loss assessors act on behalf of the insured rather than the insurer.


Loss Contingency

/ˈlɔs kənˈtɪndʒənsi/

Definitions

  1. (n.) A potential liability or loss that may occur depending on the outcome of a future event.
    The company disclosed the loss contingency related to the ongoing litigation in its financial statements.

Forms

  • loss contingency
  • loss contingencies

Commentary

Loss contingencies require careful assessment of likelihood and measurement to comply with accounting and legal disclosure standards.


Loss Evaluation

/ˈlɒs ˌɛvəˈluːeɪʃən/

Definitions

  1. (n.) The process of assessing the monetary extent of loss or damage suffered by a party, often used in legal claims and insurance contexts.
    The court ordered a loss evaluation to determine the compensation owed to the plaintiff.
  2. (n.) An expert assessment conducted to quantify loss for purposes of litigation or settlement.
    The insurance company relied on the loss evaluation to calculate the payout amount.

Forms

  • loss evaluation

Commentary

Loss evaluation commonly appears in insurance and tort law contexts; precise definitions may vary based on jurisdiction and subject matter, so clarity in drafting is advised.


Loss of Income Insurance

/ˈlɒs əv ˈɪnkʌm ɪnˈʃʊərəns/

Definitions

  1. (n.) An insurance policy that provides compensation for lost earnings due to inability to work from illness, injury, or other covered causes.
    He filed a claim under his loss of income insurance after the accident left him unable to work.

Forms

  • loss of income insurance

Commentary

Loss of income insurance is distinct from general health or disability insurance in focusing specifically on income replacement rather than medical costs.


Loss of Profits

/ˈlɒs əv ˈprɒfɪts/

Definitions

  1. (n.) Economic damages representing the net financial gain a party would have earned but for another's breach or wrongful act.
    The plaintiff claimed loss of profits due to the defendant's breach of contract.
  2. (n.) A form of consequential damages awarded to compensate for the expected earnings lost from interruption or interference with business operations.
    The court awarded loss of profits after the supplier's failure to deliver materials on time.

Forms

  • loss of profits

Commentary

Loss of profits is a critical element in damage calculations, requiring proof of causal link and reasonable certainty.


Loss Prevention

/ˈlɒs prɪˌvɛnʃən/

Definitions

  1. (n.) Measures and strategies employed by businesses and organizations to reduce theft, fraud, and damage to property, often to protect assets and minimize financial loss.
    The company implemented comprehensive loss prevention policies after a series of internal thefts.

Forms

  • loss prevention

Commentary

In legal contexts, loss prevention overlaps with compliance and security but primarily focuses on proactive organizational measures to deter loss rather than legal penalties or remedies.


Loss Prevention Officer

/ˈlɒs prɪˈvɛnʃən ˈɒfɪsər/

Definitions

  1. (n.) An employee responsible for preventing theft, fraud, and inventory loss in retail or commercial settings, often collaborating with law enforcement and security personnel.
    The loss prevention officer reviewed security footage to identify the shoplifter.

Forms

  • loss prevention officer
  • loss prevention officers

Commentary

The role primarily concerns liability and compliance matters related to theft and fraud control; precise duties may vary by jurisdiction and employer policy.


Loss Relief

/ˈlɒs rɪˌliːf/

Definitions

  1. (n.) A tax provision allowing individuals or companies to offset losses against profits to reduce tax liability.
    The company claimed loss relief to reduce its taxable income after a significant trading loss.
  2. (n.) A legal remedy permitting a party to recover damages or compensation for a financial loss sustained.
    The claimant sought loss relief through damages awarded by the court following the breach of contract.

Forms

  • loss relief

Commentary

Loss relief is primarily used in tax contexts to reduce taxable income by offsetting losses; it can also refer to legal remedies compensating financial harm.


Loss Reserve

/ˈlɒs rɪˌzɜːrv/

Definitions

  1. (n.) An amount set aside by an insurer to cover estimated liabilities for claims that have occurred but are not yet settled.
    The insurer increased its loss reserve to ensure sufficient funds for pending claims.

Forms

  • loss reserve
  • loss reserves

Commentary

Loss reserves reflect actuarial estimates and are critical for accurate financial reporting and solvency assessments in insurance law.


Lost Profits

/ˈlɒst ˈprɒfɪts/

Definitions

  1. (n.) Damages awarded for profits a party would have earned but for the breach of contract or wrongful act.
    The plaintiff claimed lost profits resulting from the defendant's failure to deliver the goods on time.

Forms

  • lost profits

Commentary

Lost profits damages require proof of reasonable certainty and causation; courts often scrutinize calculations carefully.


Lost Property

/ˈlɒst ˈprɒpərti/

Definitions

  1. (n.) Tangible personal effects found or left in a place by someone who has lost possession of them, to which no current owner can be immediately identified.
    The station manager handed the suitcase to the lost property office.

Commentary

Lost property typically requires safekeeping and may be subject to specific local laws about its custody and disposal.


Lot

/ˈlɒt/

Definitions

  1. (n.) A defined parcel or portion of land, especially one designated for specific ownership or development.
    The developer purchased a lot on the outskirts of the city for construction.
  2. (n.) An item or group of items offered for sale or auction as a single unit.
    The antique books were sold as one lot at the auction.
  3. (n.) The act or process of drawing lots; a method of decision by chance.
    The allocation of duties was decided by lot.

Forms

  • lots

Commentary

When drafting, clarify whether 'lot' refers to land, an auction grouping, or decision method to avoid ambiguity.


Lot Line

/ˈlɑt laɪn/

Definitions

  1. (n.) A boundary demarcating the limits of a parcel of land, as established by legal surveys or property deeds.
    The fence must be built within the lot line to avoid encroachment.

Forms

  • lot line
  • lot lines

Commentary

The term specifically refers to legally recognized land boundaries, distinct from informal or natural markers.


Lottery

/ˈlɒtəri/

Definitions

  1. (n.) A scheme for distributing prizes by chance, often regulated by law to ensure fairness and legality.
    The state lottery raises funds for public education.
  2. (n.) A method of selection or allocation by random draw, used in legal or administrative contexts.
    The court used a lottery system to assign cases to judges.

Forms

  • lottery
  • lotteries

Commentary

Legal definitions focus on regulated chance-based allocations, distinguishing lotteries from mere gambling through statutory frameworks.


Lottery Commission

/ˈlɒtəri kəˈmɪʃən/

Definitions

  1. (n.) A government or regulatory agency authorized to oversee, regulate, and administer public lotteries, ensuring compliance with legal standards and fair play.
    The Lottery Commission approved new regulations to prevent fraud in ticket sales.

Forms

  • lottery commission
  • lottery commissions

Commentary

Typically established by statute, a lottery commission's powers and responsibilities vary by jurisdiction but generally include licensing, compliance monitoring, and dispute resolution regarding lottery operations.


Lottery Law

/ˈlɒtəri lɔː/

Definitions

  1. (n.) The body of law regulating the operation, licensing, and compliance of lotteries to ensure fairness and legality.
    The state's lottery law requires strict auditing of all ticket sales and prize distributions.
  2. (n.) Statutory provisions governing the legal framework, restrictions, and enforcement mechanisms applicable to games of chance involving prize allocation based on random selection.
    Under lottery law, unlicensed lottery operations are subject to fines and penalties.

Forms

  • lottery law
  • lottery laws

Commentary

Lottery law often overlaps with gambling regulations and requires careful provisions to balance revenue generation with preventing fraud and illegal gaming.


Lottery License

/ˈlɒtəri ˈlaɪsəns/

Definitions

  1. (n.) An official authorization granted by a governmental body permitting the operation of a lottery, subject to regulatory conditions.
    The company obtained a lottery license before launching the prize draw.

Forms

  • lottery license
  • lottery licenses

Commentary

The term is specific to legal authorization for lotteries and typically includes compliance requirements; it is distinct from general gambling licenses which may cover broader activities.


Lottery Office

/ˈlɒtəri ˈɒfɪs/

Definitions

  1. (n.) An authorized agency or office that manages the sale and distribution of lottery tickets and oversees the operation of lotteries under established legal frameworks.
    The lottery office ensures compliance with state gambling regulations.

Forms

  • lottery office
  • lottery offices

Commentary

Typically, a lottery office operates under statutory authorization and must adhere to strict regulatory standards to ensure fairness and legality in lottery operations.


Love

/ˈlʌv/

Definitions

  1. (n.) A profound and caring affection recognized in family law as a basis for certain legal obligations and rights, such as custody and alimony.
    The court considered the best interests of the child, evaluating the parents’ love and care.
  2. (n.) In contract law, an informal term for something given as a nominal or symbolic consideration to validate a contract despite absence of substantial economic value.
    The contract was supported by love, a nominal consideration to satisfy legal requirements.

Forms

  • loves
  • loved
  • loving

Commentary

In legal contexts, 'love' often underlies foundational family law principles and occasionally appears metaphorically in contract consideration discussions; use precise terms like 'consideration' for clarity in contracts.


Lower Court

/ˈloʊər kɔːrt/

Definitions

  1. (n.) A court that hears a case first, as opposed to an appellate court which reviews lower court decisions.
    The defendant appealed the decision made by the lower court.

Forms

  • lower court
  • lower courts

Commentary

The term 'lower court' is commonly used to distinguish the initial adjudicating court from courts that possess appellate jurisdiction; it often overlaps with 'trial court' but can include other courts below the highest appellate level.


Lower of Cost or Market

/ˈloʊər ʌv kɔst ɔr ˈmɑrkɪt/

Definitions

  1. (n.) An accounting rule requiring inventory to be valued at the lower of its original cost or its current market value to prevent overstatement of assets.
    The company adjusted its balance sheet by applying the lower of cost or market rule to avoid overstating inventory value.

Forms

  • lower of cost or market

Commentary

Used primarily in inventory accounting to comply with conservatism principle; drafters should specify the applicable measure of market value to avoid ambiguity.


Lower of Cost or Market Rule

/ˈloʊər əv kɒst ɔːr ˈmɑrkɪt rul/

Definitions

  1. (n.) An accounting principle requiring inventory to be recorded at the lower value between its original cost and market replacement cost.
    The company applied the lower of cost or market rule to write down obsolete inventory.

Forms

  • lower of cost or market rule
  • lower of cost or market rules

Commentary

This rule aims to prevent overstatement of inventory value, reflecting conservatism in financial reporting.


Lowest Bid

/ˈloʊɪst bɪd/

Definitions

  1. (n.) The lowest price offered by a bidder for a contract or purchase in a competitive bidding process.
    The contractor was awarded the project because they submitted the lowest bid.

Forms

  • lowest bid

Commentary

The term is most relevant in procurement and contract law contexts, where the lowest bid often determines the contract award, subject to terms and qualifications.


Lowest Responsible Bid

/ˈloʊəst rɪˈspɒnsəbl bɪd/

Definitions

  1. (n.) The lowest bid submitted in a competitive procurement process that meets all specified legal and technical requirements, ensuring the bidder's capability and reliability to fulfill the contract.
    The city awarded the construction contract to the company submitting the lowest responsible bid.

Forms

  • lowest responsible bid

Commentary

The concept emphasizes both price and bidder qualifications; lowest price alone is insufficient if the bid is not responsible under procurement standards.


Lowest Responsible Bidder

/ˈloʊɪst rɪˈspɑːnsəbl ˈbɪdər/

Definitions

  1. (n.) The bidder who offers the lowest price and meets all the bidding requirements, including qualifications and ability to fulfill the contract satisfactorily.
    The contract was awarded to the lowest responsible bidder to ensure fiscal prudence and project reliability.

Forms

  • lowest responsible bidder
  • lowest responsible bidders

Commentary

The term emphasizes consideration of both price and bidder qualifications, not price alone, in public contract awards.


Loyalty

/ˈlɔɪəlti/

Definitions

  1. (n.) The obligation of a fiduciary or agent to act in the best interest of another party, typically a principal or beneficiary.
    An attorney owes loyalty to their client, prioritizing the client's interests above their own.
  2. (n.) A duty of allegiance owed by a party, such as an employee or partner, to an organization or partnership that prohibits conflicts of interest.
    Employees must demonstrate loyalty by avoiding situations that could create competing interests.

Forms

  • loyalties

Commentary

Loyalty often appears as a legal duty embedded within fiduciary relationships, emphasizing the preference for the beneficiary's interests; it is distinct from mere allegiance or emotional attachment.

Glossary – LO Terms