Libellee – this term is used mostly in the Litigation Procedures where details the figure of a defendant in court case, against whom a libel has been applied. See also http://www.lexic.us/definition-of/libellee .

Libel – this term describes a defamation by writing, such as in a newspaper, website or in a letter.

Liability – within the sphere of Contracts & Obligations Law, this term refers to any legal obligation, either due now or later – at some time in the future. It could be a debt or a promise to perform a…

Levy – This is an activity performed by a bailiff under the authority of a warrant or writ, for amount of money whereby goods owned by the debtor are claimed with a view to removal and sale at a public…

Leveraged lease – within the area of Contracts & Obligations Law, this term is used to detail third party equity lease, where the lessee makes monthly payments to a lesser, who then forwards payments to the lender. See also http://en.wikipedia.org/wiki/Leveraged_lease

Letting premises – this legal term describes the procedure of forwarding temporary the immovable property to a lessee via signed contract and against payment.

Letters rogatory – this term refers to a written request by the court in one area towards a court in another area, to examine a particular witness for the goals of a specific court dispute in the primary court.

Letter of resignation – this term details a notification in writing signed by an employee to notify their employers that will quit the job in a month time as per the provisions of the Bulgarian Labor Code.

Letter of credit license – this term refers to an agreement between creditors and the judgment debtor, to get more time for paying the debts.

Letter of administration – in some jurisdictions this term is used to detail a document issued by the court to authorize a person to administrate someone’s property after their death, where there is no will and no inheritances – somewhere…