KFLCC Kingdom Law 2nd Ed.

733

LITISPENDENCE

LOAN

LITISPENDENCE. In Spanish law. Litispendency. Thecondition of a suit pend ing in a court of justice. LITRE. FT. A measure of capacity in the metric system, being a cubic decimetre, equal to 61.022 cubic inches, or 2.113 Amer ican pints, or 1.76 English pints. Webster. LITTORAL. Belonging to the shore, as of seas and great lakes. Webster. Corre sponding to riparian proprietors on a stream or small pond are littoral proprietors on a sea or lake. But "riparian" is also used co extensively with "littoral." Commonwealth v. Alger, 7 Cush. (Mass.) 94. See Boston v. Lecraw, 17 How. 426, 15 L. Ed. 118. LITURA. Lat. In the civil law. An ob literation or blot in a will or other instru ment. Dig. 28, 4, 1, 1. LITUS. In old European law. A kind of servant; one who surrendered himself in to another's power. Spelman. In the civil law. The bank of a stream or shore of the sea; the coast. —Litns maris. The sea-shore. "It is certain that that which the sea overflows, either at high spring tides or at extraordinary tides, comes not, as to this purpose, under the denom ination of 'Utus maris,' and consequently the king's title is not of that large extent, but only to land that is usually overflowed at ordinary tides. That, therefore, I call the 'shore' that is between the common high-water and low water mark, and no more." Hale de Jure Mar. c 4. Litns est quousqne maximas fluctus a mari pervenit. The shore is where the highest wave from the sea has reached. Dig. 50, 16,96. Ang. Tide-Waters, 67. LIVE-STOCK INSURANCE. See IN SURANCE. LIVELODE. Maintenance; support. LIVERY. 1. In English law. Delivery of possession of their lands to the king's ten ants in capite or tenants by knight's service. 2. A writ which may be sued out by a ward in chivalry, on reaching his majority, to obtain delivery of the possession of his lands out of the hands of theguardian. 2Bl. Comm. 68. 3. A particular dress or garb appropriate or peculiar to certain persons, as the mem bers of a guild, or, more particularly, the servants of a nobleman or gentleman. 4. The privilege of a particular guild or company of persons, the members thereof being called "livery-men." 5. A contract of hiring of work-beasts, particularly horses, to the use of the hirer. It is seldom used alone in this sense, but ap pears in the compound, "livery-stable." —Livery in chivalry. In feudal law. The delivery of the lands of a ward in chivalry out

of the guardian's hands, upon the heir's attain ing the requisite age,—twenty-one for males, six teen for females. 2 Bl. Comm. 68.—Livery man. A member of some company in the city of London; also called a "freeman."—Livery of seisin. The appropriate ceremony, at com mon law, for transferring the corporal posses sion of lands or tenements by a grantor to his grantee. It was livery in deed where the par ties went together upon the land, and there a twig, clod, key, or other symbol was delivered in the name of the whole. Livery in law was where the same ceremony was performed, not upon the land itself, but in sight of it. 2 Bl. Comm. 315, 316; Micheau v. Crawford, 8 N. J. Law, 108; Northern Pac. R. Co. v. Cannon (C. C) 46 Fed. 232.— Livery-office. An of fice appointed for the delivery of lands.—Liv ery stable keeper. Onewhose business it is to keep horses for hire or to let, or to keep, feed, or board horses for others. Kittanning Borough v. Montgomery, 5 Pa. Super. Ct. 198. A coin used in France before the Revolution. It is to be computed in the ad valorem duty on goods, etc., at eighteen and a half cents. Act Cong. March. 2, 1798, § 61; 1 Story, Laws,629. An association in the city of London, for the transaction of marine insur ance, the members of which underwrite each other's policies. See Durbrow v. Eppens, 65 N. J. Law, 10, 46 Atl. 585. —Lloyd's bonds. The name «f a class of evidences of debt, used in England; being ac knowledgments, by a borrowing company made under its seal, of a debt incurred and actually due by the company to a contractor or other person for work done, goods supplied, or other wise, as the case may be, with a covenant for payment of the principal and interest at a fu ture time. Brown. The pay to loadsmen; that is, persons who sail or row before ships, In barks or small vessels, with instruments for towing the ship and directing her course, in order that shemayescape the dangers in her way. Poth. Des Avaries, no. 137. A bailment without reward; con sisting of the delivery of an article by the owner to another person, to be used by the latter gratuitously, and returned either in specie or in kind. A sum of money confided to another. Ramsey v. Whitbeck, 81 111. App. 210; Nichols v. Fearson, 7 Pet 109, 8 L. Ed. 623; Rodman v. Munson, 13Barb. (N. Y.) 75; Booth v. Terrell, 16 Ga. 25; Payne v. Gardi ner, 29 N. Y. 167. A loan of money is a contract by which one delivers a sum of money to another, and the latter agrees to return at a future time a sum equivalent to that which he borrowed. Civ. Code Cal. § 1912. —Loan association. See BUILDING AND LOAN ASSOCIATION.—Loan certificates. Cer tificates issued by a clearing-house to the as sociated banks to the amount of seventy-five per cent, of the value of the collaterals depos ited by the borrowing banks with the loan com mittee of the clearing-house. Anderson.—Loan for consumption. Theloan for consumption LIVRE TOURNOIS. LLOYD'S. LO ADM AN AGE. LOAN.