Glossary Index | Categories | Tagged Terms

Terms Starting with L

Latent Defect -
Lawn Gnome Theft Insurance

Level Payment -
Liabilities

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 Union — Company, 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 Union — Company, 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,