LU glossary terms

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

Lucrative

/ˈluːkrətɪv/

Definitions

  1. (adj.) Producing a great deal of profit or financial gain.
    The merger was a lucrative deal for both companies.
  2. (adj.) (Law) Pertaining to ventures or contracts that yield significant monetary benefits under legal terms.
    The lawyer advised pursuing only lucrative contracts to maximize client returns.

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Commentary

Often used in legal contexts to describe agreements or arrangements with substantial economic advantage, drafting should clarify the scope and conditions that make a contract lucrative.

Lucratively

/ˈluː.krə.tɪv.li/

Definitions

  1. (adv.) In a manner that produces a significant profit or financial gain, often used to describe contracts, transactions, or business activities that are financially beneficial.
    The deal was structured lucratively to maximize shareholder value.

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Commentary

Used primarily as an adverb to describe actions or arrangements that yield substantial financial benefit, particularly in contract law and business transactions.

Lucrativeness

/luːˈkrætɪvnəs/

Definitions

  1. (n.) The quality or state of being profitable or yielding financial gain, especially in a legal or business context.
    The contract's lucrativeness made it highly attractive to investors.

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Commentary

Lucrativeness is often evaluated in contract law and business transactions to assess expected economic benefits.

Lude

Definitions

  1. (n.) Slang for a bribe or illicit payment made to influence an official or authority in a legal or administrative context.
    The investigation uncovered that several officials accepted ludes to overlook regulatory violations.

Forms

  • ludes

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Commentary

Used chiefly in informal or colloquial legal discussions regarding corruption and illicit payments.

Ludicrous

/ˈluːdɪkrəs/

Definitions

  1. (adj.) So absurd or unreasonable as to be laughable or contemptible, often used in legal contexts to describe claims, arguments, or demands lacking any rational basis.
    The court dismissed the defendant's ludicrous claim for damages as frivolous.

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Commentary

Used primarily to emphasize the irrational or unreasonable nature of legal assertions or conduct; careful drafting required to avoid subjective or hyperbolic language in pleadings.

Ludicrously

/ˈluːdɪkrəsli/

Definitions

  1. (adv.) In a manner so absurd or unreasonable as to be laughable or deserving ridicule, especially in legal arguments or claims.
    The court dismissed the defendant’s ludicrously exaggerated damages claim.

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Commentary

Often used in legal contexts to critique arguments or claims that lack substantive merit or are obviously untenable.

Ludicrousness

/ˈluːdɪkrəsnəs/

Definitions

  1. (n.) The quality or state of being absurd or ridiculous, especially in legal arguments or claims lacking reason or merit.
    The court dismissed the case due to the ludicrousness of the plaintiff's assertions.

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Commentary

In legal contexts, ludicrousness often underscores the lack of reasonable basis in claims or defenses, guiding courts in dismissing untenable cases.

Lump-Sum Contract

/ˈlʌmp sʌm ˈkɒntrækt/

Definitions

  1. (n.) A contract in which the contractor agrees to complete a project for a fixed total price irrespective of actual costs.
    The builder signed a lump-sum contract to renovate the office building for $100,000.

Forms

  • lump-sum contract
  • lump-sum contracts

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Commentary

Lump-sum contracts allocate the risk of cost overruns to the contractor, making precise scope definition critical during drafting.

Glossary – LU Terms