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LSDefine

Simple English definitions for legal terms

carrying charge

Read a random definition: corrector of the staple

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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General chat about the legal profession.
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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.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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