L
Legal Tender: Paper or metal money that a Government decrees must be accepted as a lawful payment for debts.
Letter of Allotment: A letter informing as applicant for shares that certain shares that certain shares have been allotted to him.
Lien: A legal right of a person to detain or control property belonging to another until certain charges upon it have been paid or until some pecuniary claim against the owner has been satisfied.
Liability: Debt or responsibility.
Long: The day-to-day record of ship’s voyage in the form of a diary.
Long Bills: Bills of exchange drawn payable at period exceeding three days after date of sight.
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