Terms Starting with L

  • Legal Description (lgdc) Abbreviation,
    • A way of identifying a piece of property in writing that is acceptable to a court.
  • Legal Fees and Disbursements Definition,
    • Charges paid on your behalf by a solicitor that are in addition to professional costs.
  • Legal Mortgage Definition, Important,
    • The written geographical description of a property as described in the land register.
  • Legal Reserve Definition,
    • The legally mandated minimum amount of money an insurer must keep liquid in order to satisfy its obligations to policyholders.
  • Legal Reserve Ratio (LRR)Acronym,
    • Legal Services Society (LSS) Company, British Columbia, Canada,
        Legal aid service offered to low income residents in BC.
      • Legal Survey Description (LSD)Acronym,
        • Lender Definition,
          • The bank or mortgage company offering the loan.
        • Lender Approved Appraiser (LAA)Acronym,
          • Lender Paid Mortgage Insurance (LPMI)Acronym, United States,
              A US mortgage term.
            • Lender Placed Hazard Insurance (LPHI)Acronym,
              • Lender's Mortgage Insurance (LMI)Acronym, United States,
                  A US mortgage term.
                • Lending Value Definition,
                  • The property value for mortgage purposes. Usually the lesser of appraised value or sale price.
                • Lerner Index (LI)Acronym,
                  • LeRoy Credit UnionCompany, Saskatchewan, Canada,
                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                    • Less Concessional Loans (LCL)Acronym,
                        In relation to official development assistance (ODA).
                      • Less Developed Countries (LDC)Acronym,
                        • Less Than Carload Freight (LCL)Acronym,
                          • Lessee Definition,
                            • The person who signs a lease.
                          • Lessor Definition,
                            • The person who grants a lease.
                          • Lester B. Pearson International Airport (YYZ)Acronym, Toronto, Ontario, Canada,
                            • Lethbridge Airport (YQL)Acronym, Lethbridge, Newfoundland and Labrador, Canada,
                              • Lethbridge Home Builders' Association (LHBA)Company, Lethbridge, Alberta, Canada,
                                  Now called the Canadian Home Builders Association of the Fraser Valley (CHBA-LR).
                                • Lethbridge Legion Savings & Credit UnionCompany, Alberta, Canada,
                                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                  • Lethbridge, Alberta (LA)Acronym, Lethbridge, Alberta, Canada,
                                    • Letter of Credit (L/C) Acronym,
                                      • A letter authorizing a person or company to draw on a bank or stating that the bank will honour the credit up to the stated amount.
                                    • Letter of Indemnity (LOI)Acronym,
                                      • Letter of Intent Definition,
                                        • A formal notification that a buyer intends to buy property. It is not legally enforceable.
                                      • Level (levl, lvl)Abbreviation,
                                          As in level lot, land, or terrain.
                                        • Level Cost of Insurance (LCOI)Acronym, Important,
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