From The Collaborative International Dictionary of English v.0.48:

Literary \Lit"er*a*ry\ (l[i^]t"[~e]r*[asl]*r[y^]), a. [L.
   litterarius, literarius, fr. littera, litera, a letter: cf.
   F. litt['e]raire. See Letter.]
   [1913 Webster]
   1. Of or pertaining to letters or literature; pertaining to
      learning or learned men; as, literary fame; a literary
      history; literary conversation.
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            He has long outlived his century, the term commonly
            fixed as the test of literary merit.  --Johnson.
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   2. Versed in, or acquainted with, literature; occupied with
      literature as a profession; connected with literature or
      with men of letters; as, a literary man.
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            In the literary as well as fashionable world.
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   Literary property.
      (a) Property which consists in written or printed
      (b) The exclusive right of publication as recognized and
          limited by law.
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