insolvency
n - insufficiency of financial resources to pay one’s debt. See also: bankruptcy.

joint tenancy
an ownership of a parcel of real property by more then one person. In most states the language of the deed must specifically state that the title is held by joint tenants.

landlord
a person who owns real property and rents or leases it to another, called a "tenant." See also: lease lessee lessor rent tenant;

landlord and tenant
an area of law that regulates the relationship between property owners, called landlords, and their tenants. It regulates the rights and responsibilities of landlords and tenants.

landlord's lien
a lien on a tenant's property for the satisfaction of unpaid rent or property damage; the landlord is given the status of a preferred creditor with regard to the tenant's property

last will and testament
Also known as a will. A legally enforceable declaration directing the disposal of a decedent's property. See also: will.

Legal Remedy
A legal remedy is the means by which a court of law enforces a right, imposes a penalty, or makes some other court order to impose its will. Other words, it is the way a Plaintiff may enforce his/her right and be compensated by a Defendant for an in ...