21. Limitrophe
Adjacent, bordering or contiguous.
22. Limited Power Of Attorney
A POA limited by a condition or term or in regards to a specific item or property.
23. Limited Partnership
A partnership with at least one general partner and a limited partner.
24. Limited Partner
A unique colleague in a partnership relationship who has agreed to be liable only to the extent of his investment.
25. Limitations Or Statute Of Limitations
Loss of a cause of action because of the passage of time.
26. Life Tenant
The beneficiary of a life estate.
27. Life Estate
A right to use and enjoy land only for the life of the life tenant.
28. Lien
A property right which remains attached to an object that has been sold, but not totally paid for, until complete payment has been made.
29. License
A special permission given to do something on, or with, somebody's property.
30. Liberal Construction
A form of construction which allows a judge to consider other factors when deciding the meaning of a document or phrase.