Definition of Legitimate

legitiums

Lyotard  talks about the different ways that various communities lend legitimacy or authority to their statements.  In pre-modern communities narrative is legitimated by people saying that they have heard these stories before.  Science uses its own legitimating method and textual practices. In modernity statements are largely legitimated through cross-referencing.
In postmodernity, Lyotard proposes, that legitimation may occur through the practice of paralogy.  How this works is the subject of his book The Postmodern Condition. (Click here to read more on legitimation in Lyotard.)

(v. t.)
To make legitimate, lawful, or valid; esp., to put in the position or state of a legitimate person before the law, by legal means; as, to legitimate a bastard child.
  

(a.)
Lawfully begotten; born in wedlock.
  

(a.)
Following by logical sequence; reasonable; as, a legitimate result; a legitimate inference.
  

(a.)
Conforming to known principles, or accepted rules; as, legitimate reasoning; a legitimate standard, or method; a legitimate combination of colors.
  

(a.)
Authorized; real; genuine; not false, counterfeit, or spurious; as, legitimate poems of Chaucer; legitimate inscriptions.
  

(a.)
Accordant with law or with established legal forms and requirements; lawful; as, legitimate government; legitimate rights; the legitimate succession to the throne; a legitimate proceeding of an officer; a legitimate heir.
  

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legitimate
\le*git"i*mate\ (-m&asl;t), a. [ll. legitimatus, p. p. of legitimare to legitimate, fr. l. legitimus legitimate. see legal.]
1. accordant with law or with established legal forms and requirements; lawful; as, legitimate government; legitimate rights; the legitimate succession to the throne; a legitimate proceeding of an officer; a legitimate heir.
2. lawfully begotten; born in wedlock.
3. authorized; real; genuine; not false, counterfeit, or spurious; as, legitimate poems of chaucer; legitimate inscriptions.
4. conforming to known principles, or accepted rules; as, legitimate reasoning; a legitimate standard, or method; a legitimate combination of colors. tillotson still keeps his place as a legitimate english classic.
5. following by logical sequence; reasonable; as, a legitimate result; a legitimate inference.
legitimate
\le*git"i*mate\ (-māt), v. t. [imp. & p. p. legitimated (-mā`t&ebreve;d); p. pr. & vb. n. legitimating (-mā`t&ibreve;ng).] to make legitimate, lawful, or valid; esp., to put in the position or state of a legitimate person before the law, by legal means; as, to legitimate a bastard child. to enact a statute of that which he dares not seem to approve, even to legitimate vice.

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Having the sanction of law or established custom.

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Verb
1. make legal; "Marijuana should be legalized"
(synonym) legalize, legalise, decriminalize, decriminalise, legitimize, legitimise, legitimatize, legitimatise
(hypernym) permit, allow, let, countenance
(hyponym) monetize, monetise
(derivation) legalization, legalisation, legitimation
2. show or affirm to be just and legitimate
(hypernym) justify, vindicate
(derivation) legalization, legalisation, legitimation
3. make (an illegitimate child) legitimate; declare the legitimacy of (someone); "They legitimized their natural child"
(hypernym) change, alter, modify
(derivation) legitimation

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Adjective
1. of marriages and offspring; recognized as lawful
(antonym) illegitimate
(similar) lawfully-begotten
(see-also) authorized, authorised
2. in accordance with reason or logic; "a logical conclusion"
(synonym) logical
(similar) valid
3. in accordance with recognized or accepted standards or principles; "legitimate advertising practices"
(similar) established, constituted
4. authorized, sanctioned by, or in accordance with law; "a legitimate government"
(synonym) lawful, licit
(similar) legal

Used in the context of general equities. Real interest in trading as compared to a profile stance. See: Natural

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