LAIRDSHIP
Laird"ship, n.
Defn: The state of being a laird; an estate; landed property. [Scot.]
Ramsay.
LAISM
La"ism, n.
Defn: See Lamaism. [R.]
LAISSEZ FAIRE
Lais`sez" faire". Etym: [F., let alone.]
Defn: Noninterference; — an axiom of some political economists, deprecating interference of government by attempts to foster or regulate commerce, manufactures, etc., by bounty or by restriction; as, the doctrine of laissez faire; the laissez faire system government.
LAITY
La"i*ty, n. Etym: [See Lay, a.]
1. The people, as distinguished from the clergy; the body of the people not in orders. A rising up of the laity against the sacerdotal caste. Macaulay.
2. The state of a layman. [Obs.] Ayliffe.
3. Those who are not of a certain profession, as law or medicine, in distinction from those belonging to it.