Liquidated damages – within the meaning, given by the Contracts Law, these are damages, detailed as precise amount of money in a clause of contract (for example, in a Contract for property purchase).

Lineal descendant – within the sphere of Family Law this term details the figure of a person who is a direct descendant (such as a child) to his or her natural parent.

Limitrophe – this term means: Adjacent, bordering or contiguous.

Limited partner or limited co-investor – in the area of Business Law this term details the figure of a colleague in a partnership relationship who has agreed to be liable only to the extent of his (or her) investment. Limited…

Limited fee – within the meaning of the Property law, this is a legal right with certain restrictions (the legal right of ownership, for example).

Limited corporate body – within the sphere of Corporate Law this term details a legal body, where couple shareholders, who are responsible up to the amount of their shares, form a corporate body which is liable to third parties up…

Limited and reduced – this term is part of the Corporate Law, where means: “with restricted liability and reduced capital” (for local corporate bodies).

Land grant – this legal term details the procedure of gifting a land by the municipality or by the government, towards public organization or a private individual, in the form of a land patent. The property transfer charges, applicable in…

Land grabbing – this term details the procedure of acquisition of valuable plot of land for much less than its actual market price.

Land easement – within the area of Property Law, this term describes an easement given to an individual to tread upon or encroach upon a concrete real estate, owned by a 3rd party. See also http://www.wisegeek.com/what-is-a-land-easement.htm