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| Limestone, wet-rubbed finish
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Limestone whose finish has been rubbed smooth by use of an abrasive. |
| Limit
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(1) A boundary or border. (2) The greatest number or amount allowed. (3) To restrict. |
| Limit switch
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An adjustable switch that will turn off electrical power when a set time has been reached. The switch is controlled by part of the mechanism so that when it reaches the place where it should stop, the switch is activated and powers switches off. |
| Limited liability
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The restriction of a person's potential losses to the amount invested and does not go beyond that. |
| Limited partner
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Member of a partnership whose liability for partnership debts is limited to the amount invested in the partnership. |
| Limited partnership
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A partnership in which there is at least one partner who is passive and limits liability to the amount invested (limited partner) and at least one partner whose liability extends beyond the monetary investment (general partner). Investment groups of various kinds, including real estate syndicates, use this manner of ownership where a general partner makes the decisions for the group and is primarily liable for losses. |
| Line
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(1) Any system of pipes or wires for conducting water, gas, electricity, etc. (2) A long, thin mark. |
| Line graph
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A diagram of lines, connecting points on a graph, representing the successive changes in the value of a variable quantity or quantities. |
| Line level
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Line levels can be used in the standard fashion to check for a level surface or run along a line to check for level measurements across long distances. Line levels are excellent for masonry, landscaping and gutter work. |
| Line loss
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Electrical energy lost due to inherent inefficiencies in an electrical transmission and distribution system under specific conditions. |
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