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LSDefine

Simple English definitions for legal terms

accommodation note

Read a random definition: asset acquisition

A quick definition of accommodation note:

An accommodation note is a written promise to pay money to someone else. It's like a special kind of note where someone else has signed it to help out the person who owes the money. There are many different types of notes, like ones that have to be paid all at once or ones that have small payments over time. Some notes are backed up by things like property or stocks, while others are not. Sometimes, people write notes to remember things later, like a to-do list.

A more thorough explanation:

An accommodation note is a type of promissory note where an accommodating party signs and assumes secondary liability for the payment of the note. This means that if the primary party fails to pay, the accommodating party is responsible for paying the debt.

For example, if John borrows money from a bank and his friend Jane signs an accommodation note, Jane is agreeing to pay the debt if John cannot.

Accommodation notes are often used to help someone obtain credit when they may not be able to do so on their own.

accommodation maker | accommodation paper

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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