Category: L

1. The case where a legislator will vote for a bill as long as the legislator with the bill for one of the other person’s bills. 2. Using an excess of extraneous provisions in a bill to gain passage of something else.

L. Fr. London. Yearb. P. 1 Edw. II. p. 4.

Stems or trunks of trees cut into convenient lengths for the purpose of being afterwards manufactured iuto lumber of various kinds; not including manufactured lumber of any sort, nor timber which is squared or otherwise shaped for use without further change in form. Kolloch v. Parcher, 52 Wis. 393, 9 N. W. 67. And see Haynes v. I lay ward, 40 Me. 148; State v. Addiugton, 121 X. C. 538, 27 S. E. 98S; Code W. Va. 1899. p. 1071,

In various compound legal terms (see infra) this word carries a meaning not essentially different from its signification in the vernacular. In the language of the stock exchange, a broker or speculator is said to be “long” on stock, or as to a particular security, when he has in his possession or control an abun- dant supply of it, or a supply exceeding the amount which he has contracted to deliver, or. more particularly, when he has bought a supply of such stock or other security for future delivery, speculating on a considerable future advance in the market price. See Kent v. Miltenberger, 13 Mo. App. 506.

term that describes to hang about and doing nothing in a public place.

A position that loses profit due to a decline in prices.

A body of primitive Wes- leyans. who assumed importance about the time of John Wycliffe, (1300,) and were very successful in disseminating evangelical truth ; but, being implicated (apparently against their will) in tbe insurrection of the villeins in 1381, the statute De Hwictico Comburen- do (2 Hen. IV. c. 15) was passed against them, for their suppression. However, they were not suppressed, and their representatives survive to the present day under various names and disguises. Brown.

If the forward rate is lower than the futures rate of a security the market decides to lower the price. Refer to short arbitrage.

For loans on a collateralized security, this is the interest rate charged by the central bank of Germany.

A name given to tbe merchants of Italy, numbers of whom, during the twelfth and thirteenth centuries, were established as merchants and bankers in the principal cities of Europe.