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Simple English definitions for legal terms

carrying charge

Read a random definition: convertible subordinated debenture

A quick definition of carrying charge:

A carrying charge is an extra cost that someone has to pay in addition to the interest when they borrow money. It can also refer to the expenses that come with owning property, like paying taxes and keeping the property in good condition.

A more thorough explanation:

A carrying charge is an additional cost that a borrower pays to a creditor for carrying installment credit. It is not just the interest rate but also includes other expenses that the borrower has to pay. These expenses are usually associated with property ownership, such as taxes and upkeep.

For example, if you take out a loan to buy a car, you will have to pay interest on the loan amount. However, you may also have to pay additional expenses such as insurance, registration fees, and maintenance costs. These expenses are part of the carrying charge.

Similarly, if you own a rental property, you will have to pay property taxes, insurance, and maintenance costs. These expenses are also part of the carrying charge.

The carrying charge is an important factor to consider when taking out a loan or buying a property. It can significantly increase the cost of borrowing or owning a property, and can affect your ability to make timely payments.

carrying back the date of invention | carrying cost

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18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
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