Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

anatocism

Read a random definition: back pay

A quick definition of anatocism:

ANATOCISM: Anatocism is a big word that means when you borrow money and have to pay back more than you borrowed because of interest. It's like when you plant a seed and it grows into a big tree, and then you get more seeds from the tree to plant and grow even more trees. It's the same with money, where you pay interest on the original amount borrowed, and then you have to pay interest on the interest too. This is called compound interest, and anatocism is the practice of doing this.

A more thorough explanation:

Definition: Anatocism is a rare term that refers to the practice of compounding interest or charging interest on interest.

Example: If you borrow $1000 at a 10% interest rate per year, after one year, you will owe $1100. If you continue to owe that amount and the lender charges an additional 10% interest on the $100 interest from the previous year, you will owe $1210 after two years. This is an example of anatocism.

The example illustrates how anatocism works by showing how interest can accumulate over time and increase the amount owed. It is important to understand the terms of a loan or investment to avoid unexpected charges or fees.

anathema | anatomical gift

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
LSD+ is ad-free, with DMs, discounts, case briefs & more.