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LSDefine

Simple English definitions for legal terms

amortize

Read a random definition: special pleading

A quick definition of amortize:

Amortize: To pay off a debt slowly over time, usually by making regular payments. This helps to gradually reduce the amount owed until it is fully paid off. It can also refer to giving land to a group that will never die, like a church or organization, so that it can be used forever without being inherited or taken away.

A more thorough explanation:

Definition: To gradually pay off a debt, often by making regular payments over time.

Example 1: John took out a loan to buy a car. He agreed to amortize the loan over five years by making monthly payments. Each payment included a portion of the principal (the amount he borrowed) and interest (the cost of borrowing the money).

Example 2: The company decided to amortize the cost of a new building over 20 years. This meant that they would gradually pay off the cost of the building over time, rather than paying for it all at once.

Example 3: In the past, some people would give land to a church or other organization in mortmain. This meant that the land would be held by the organization forever and could not be sold or inherited. However, this practice is no longer allowed in many places.

Explanation: Amortizing a debt means paying it off gradually over time, rather than all at once. This is often done by making regular payments that include both the principal (the amount borrowed) and interest (the cost of borrowing the money). Example 3 shows how the related term "mortmain" was used in the past to describe the practice of giving land to a church or other organization in perpetuity. This is no longer allowed in many places because it can tie up land and prevent it from being used for other purposes.

amortization schedule | amortized loan

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What time have UCLA waves been at
Dkk
10:24
It's only 7:24 AM. We on the west coast control the time.
thismanatemyson
10:25
UCLA please save me
triplethread
10:25
snow if i dont get invited for an honors college interview i might freak
Dkk
10:25
11:22:24 AM PST, wave will come.
triplethread
10:26
dkk are u a boy or a girl
Dkk
10:26
Wizard 101 told me I was a boy wizard.
triplethread
10:26
ok
BulbasaurNoLikeCardio
10:26
I am thinking it will be slower/quitter until after thanksgiving
snow
10:27
thread im like 90% sure im getting an R, but ive come to peace that this might be my unreasonable R for the cycle
triplethread
10:27
but snow we have the same stats. you'll be fine. i promise. if im this confident you should be too
Dkk
10:27
Only tiktok I will share cus I stay off that site.
I am sorry if you like it, but TikTok is fucking awful
LSDFan
10:28
tiktok is great
triplethread
10:28
i lub tik tok and reddit and instantgram
Dkk
10:29
Nah, lol I hate it @texas. I remember when it was music.ly too and you used to have music.ly cringe compilations.
babycat
10:29
I do not have tiktok either because it makes my brain unhappy
10:29
how come i didnt get fordham AGAIN
Yeah, shit is awful. I have friends who spend hours a day on it
m10
10:30
Sorry to hear @Eggan
BulbasaurNoLikeCardio
10:30
I think tik tok is evil and coming from a national defense background, working in PSYOP and in the intelligence community I can promise it is.
glovediedthisishismom
10:30
5318008 now look at it upside down ;)
snow
10:31
tik tok and youtube reals has fried my brain
babycat
10:31
@glovediedthisishismom: boobies!!!
so off topic but dude eggan the weather here in nyc is insane
babycat
10:31
@BulbasaurNoLikeCardio: I wonder if you know my local psyops guy
m10
10:32
@BulbasaurNoLikeCardio: Yeah but like half the general officers are compromised so we might as well just give this country to China already. The head of the JAG corps used to tell us how much he loved Tiktok and he was a 1 star. These people should be court martialed. I hope Trump follows through on that promise the most.
it was 80 degrees three days ago and now it's like pouring rain sleet and wind
babycat
10:32
@jackfrost11770: we all living the same weather. I’m abt to go to the gym
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