Ladi implies a series. There are multiple viewpoints of the definition and significance of ladi.
"Lad" means a garland of flowers. Just as how the flowers are intertwined in such a way that it is impossible to distinguish and find the "starting point" and "ending point" of the garland, we are unable to find the "starting point" and "ending point" of a ladi, as well as where the sum occurs. Ladis often include heavy bols, as well as bols that are considered hard to play.
According to Pt. Arvind Mulgaonkarji's book, the bols of a ladi are as if multiple threads were intertwined into a cord.
According to Pt. Sudhir Mayinkar, ladi is similar to the word "ladai". "Ladai" in hindi means fight. He signifies that the nature of the bols of a ladi are such that the audience gets a delusion that they are fighting amongst each other.
A ladi has paltas and can be expanded. Just as how TRKT and DRDR are core phrases found in relas, "tite" is a core phrase found in ladi. "Ghidanage" is also occasionally found in ladi.