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Simple English definitions for legal terms

anatocism

Read a random definition: prospective statute

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

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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