Latin for Lawyers

LICET CEPIT NON ASPORTAVIT

See LASCIVIOUS LICET CEPIT NON ASPORTAVIT

He took it, but he did not carry it away. LICIT [L. licet, licere / to be allowed; it is allowed or permitted] Conforming to law. Lawful, proper. LIEN [L. ligamen / a string, tie, covering, bandage]

A charge upon the property or assets of one person to secure to another the payment of a debt or obligation. An interest conferred by the law upon one person in the property of another. The right to retain or take possession of the property of another to satisfy a debt, obligation or judgment. A security inter est in the property of another, created by mortgage or assignment, or by court order or judgment. LIMINE See IN LIMINE LIMITATION [L. limes, limitus / a path, especially a path forming a boundary; a boundary line or limit] A restriction or limit. A restraint; a condition imposed by the law. Any state ment in a legal document, e.g., a will or contract, limiting the duration of a period of ownership or otherwise restricting the rights or obligations of the parties. Also, a period of time imposed by law after which a particular type of action or proceeding may no longer be commenced. The statutes limiting these periods of time are called statutes of limitations . In a will or deed, words limiting the duration of an estate are called words of limitation . See STATUTE OF LIMITATIONS LIMITED [L. limes, limitus / a boundary line or limit] Restricted in scope, time or degree. Confined within prescribed bounds. Fol lowing the title of a business enterprise, the word (usually abbreviated as “Ltd.”) indicates that the business is a corporation. A limited guaranty is a guaranty confined to a particular transaction or liability. Limited liability is the liability enjoyed by limited partners, i.e., liability restricted to the part ners' original investment. A limited partnership is a partnership with general and limited partners; the general partners manage the business and are gener ally liable for its debts; the limited partners have limited liability. A limited power of appointment is a power which the donee may exercise only in favor of others than himself. Some courts have only limited jurisdiction , i.e., they are authorized to deal only with a particular class of cases; e.g., the bank ruptcy courts, small claims' courts, probate courts, juvenile courts.

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