Legal Definitions - lytae

Definition: Lytae (lI-tee) is a Latin term that originated from Greek and has two different meanings in different contexts.

1. In Roman law, Lytae refers to civil-law students in their fourth year of study.
2. In finance, LYTAE is an abbreviation for a measure of the money supply, including M3 items plus banker's acceptances, T-bills, and similar long-term investments. See M3. M3 is a measure of the money supply including M2 items, plus large time deposits and money-market funds held by institutions.

Examples:

• Example 1: The lytae were expected to have a good understanding of Roman law and be able to apply it in practice.
• Example 2: The LYTAE measure is used by economists to track the money supply in an economy and understand its impact on inflation and economic growth.

The first example illustrates the use of the term Lytae in Roman law, where it refers to a specific group of students in their fourth year of study. The second example illustrates the use of LYTAE in finance, where it is an abbreviation for a measure of the money supply that includes various financial instruments.