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Simple English definitions for legal terms

building and loan

Read a random definition: CAN-SPAM Act of 2003: Problematic Spamming Techniques

A quick definition of building and loan:

Building and loan is another name for a savings and loan association. These institutions were created to help people save money for a down payment on a house and then provide them with a loan to build it.

A more thorough explanation:

Definition: Building and loan is another term for savings and loan association. These institutions were originally created to provide loans for building a house after the depositor had saved enough for a down payment.

Example: John wants to buy a house but doesn't have enough money for a down payment. He decides to open an account at a building and loan association and starts saving money every month. After a few years, he has saved enough for a down payment and is able to get a loan to buy his dream home.

Explanation: The example illustrates how building and loan associations work. They encourage people to save money by offering them a safe place to deposit their funds. Once the depositor has saved enough money for a down payment, they can apply for a loan to buy a house. This system helps people achieve their dream of homeownership while also promoting savings.

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General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

JumpySubsequentDolphin

10:39

I thought it was always t6 and t3

soap

10:39

If you’re aiming for T14, that’s definitely doable

Mostlylegal

10:39

nah t4 is a thing, maybe old ive been on lsa and lsd for like 4 years now lol

m10

10:39

Fuck this all reminds me. I got to call and see if I am still being deposed.

JumpySubsequentDolphin

10:40

@Mostlylegal: oh oops hehe

BulbasaurNoLikeCardio

10:40

@m10: most of PSYOP are guys who failed SFAS and Ranger so much so they can't go back and think being SOCOM makes them SF. I loved the cultural side of it all, going to embassies and running influence operations. Doing KLEs and training with foreign militaries was amazing. Learned so much about the world by talking to those who live all over it. Then got lucky and worked with a Marine HIT overseas and would tag along when they kidnapped people to do some stuff lol The rest of the time was a lot of reports and KLEs

babycat

10:40

t4 is a concept being perpetuated by Big Chicago

soap

10:41

Chicago rejected me in undergrad, so I have beef

shaquilleoatmeal

10:41

Was there an hls ii wave yesterday?? Didn’t go online at all and feel out of the loop lmfao

m10

10:42

@BulbasaurNoLikeCardio: Did not know that but it makes sense. That sounds like a cool career. I would have liked to have done that too. I really would have just liked to have gone OCONUS once.

m10

10:44

I was talking to this 88H in a bar last weekend and he had some wild story about being interrogated by the FBI and CIA and shit to get a top-secret clearance or something so he could drive a forklift around Europe, Korea, and Africa. It sounded like a bunch of bullshit to me but do you know if something like that could be true?

babycat

10:45

@shaquilleoatmeal: yeah so I’ve heard

jackfrost11770

10:46

i don't know any of this military talk but i was going to be a combat medic or trauma surgeon for so long before i went this track lol, so my only exposure is seriously looking and visiting places like west point for recruitment lol. i speak russian so everyone always told me that raises your chances at those places lol

jackfrost11770

10:46

my brother is a combat medic too

BulbasaurNoLikeCardio

10:46

@m10: was a great career, the main job is being a cultural expert building rapport and relationships with foreign nationals, militaries and even people hostile to make the area safer and at times bring in the ODAs or three letter guys to train, arm and fund them to aid in their(our) cause. OCONUS is great but not necessary, I only did two real deployments but a lot of missions to places. That is all 110% BS. I have a TS-SCI, worked with federal agencies they do nothing crazy like that.

shaquilleoatmeal

10:47

Damn - 3rd invite missed smh no love for me from hls

m10

10:49

@jackfrost11770: That's like a huge pitfall. People say it's easy to get into like med school or law school through West Point and it is not at all. Yeah, Russian would make you very valuable to them. You will see West Point people in law school but that's very few compared to how many went through the prelaw program there. Best just to enlist and become a combat medic. I've seen like 4 of em here anyway so you didn't really miss anything by going straight to law school.

BulbasaurNoLikeCardio

10:49

I "speak" Dutch but never used it after training back in 2012. Russian is great if you can get into INTEL but outside of that they would just assign you a lot of NATO roles if you go EUCOM. If you go Jag it may score you a nice job in Europe but at this point with the lack of benefits the military would give you just go state department as an attorney and you will travel the world.

m10

10:50

@BulbasaurNoLikeCardio: Oh yeah, I get that. My buddy just got back from Jordan and he gained like 25 lbs there just being a fat ass doordashing for 50 cents a delivery.

glovediedthisishismom

10:50

https://youtu.be/BM-Yf-DXhMM?si=dtiskk_90ckDOjwo

jackfrost11770

10:50

yeah haha i mean i was like 15 so i didn't know anything, and yeah that makes complete sense. my main thing was that i knew i didn't want to go to medical school and i didn't want to straight out enlist so that kinda closed the door on that

glovediedthisishismom

10:50

please listen

m10

10:51

@BulbasaurNoLikeCardio: indeed, it could but I could also just like visit on my own time. Though I have met like 10 or so JAG officers that got an Italian or French or Spanish wife while over in Europe so that is cool.

jackfrost11770

10:52

but i'd love to talk to you about that sometime if that's alright because i've been seriously considering INTEL and other similar roles but i know quite literally nothing about it and don't know where to start researching

m10

10:52

@glovediedthisishismom: oh my god that guy is a psychopath. Tjhat guy scares me.

m10

10:52

@jackfrost11770: Best bet if going law route is Law School to JAG to either Mead or Gordon imo then.

m10

10:53

NSA shit to start. If you can go straight into a GS job then you should go for it.

m10

10:54

https://www.usajobs.gov/Search?k=attorney

BulbasaurNoLikeCardio

10:54

@jackfrost11770: I have my undergrad in Intelligence and Terrorism and worked a good bit in the IC so I can answer some broad questions but not many direct because the nature of the field. If you want to go to law school and get your JD it really depends what intel work you would want to do and where you want to live.

jackfrost11770

10:56

thank you!! yeah i also know they always need STEM grads ofc, so i know i have that going for me as well

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