Lat. In Roman law. A consideration which is voluntary; that is to say, a gratuitous gift, or such like. It was opposed to oncrosa causa, which denoted a valuable consideration. It was a principle of the Roman law that two lucrative causes could not concur in the same person as regarded the same thing; that is to say, that, when the same thing was bequeathed to a person by two different testators, he could not have the thing (or its value) twice over. Brown.
Lat. This species of usucapio was permitted in Roman law only in the case of persons taking pos- session of property upon the decease of its late owner, and in exclusion or deforcement of the heir, whence it was called “usucapio pro hwrede.” The adjective “lucrativa” de- noted that property was acquired by this usucapio without any consideration or pay- ment for it by way of purchase; and, as the possessor who so acquired the property was a mala fide possessor, his acquisition, or usucapio, was called also “improba,” (i. c., dishonest;) but this dishonesty was tolerated (until abolished by Hadrian) as an incentive to force the hccres to take possession, in order that the debts might be paid and the sacrifices performed; and, as a further incentive to the hccres, this usucapio was complete in one year. Brown.
promised or agreed to pay, any valuable consideration for the chance of obtaining such property, or a portion of it, or for any share of or interest in such property, upou any agreement, understanding, or expectation that it is to be distributed or disposed of by lot or chance, whether called a “lottery,” a “raffle,” or a “gift enterprise,” or by whatever name the same may be known. Pen. Code Cal.
One which is undertaken upon a consideration and for which a payment or recompense is to be made to the bailee, or from which he is to derive some advantage. Prince v. Alabama State Fair, 10G Ala. 340, 17 South. 449, 28 L. R. A. 710.
In Scotch law. A gainer.
A recompense for the death of a man killed in a tumult. Cowell.
Control chart’s quality control bottom limit for data points below the control average line. Contrast to upper control limit.
Appeal to a higher court is allowed on a decision made by this court, having jurisdiction to hear a specific case,
A measure of a gas or vapor in air, given an ignition source, such as arc, flame, or heat, capable of producing a flash of fire. Lowest concentration as a percentage versus normal air. Lower than LEL concentrations are Ôtoo leanÕ to burn. Also known as lower flammable limit (LFL).
Its application is mandated under the provisions of GAAP. Conservative accounting valuation rule. Requires valuing certain asset types, like an inventory, at the lesser of either at historical cost or at current replacement cost. Also known as lower of cost and net realizable value.