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LSDefine

Simple English definitions for legal terms

cashout

Read a random definition: attached

A quick definition of cashout:

Term: CASHOUT

Definition: When someone sells their property, they can choose to get all the money from the sale in cash instead of keeping a part of the property. This is called a cashout.

A more thorough explanation:

CASHOUT

cashout, n. An agreement between a seller and a buyer where the seller receives the full amount of equity in cash instead of keeping an interest in the property. cash out, vb.

1. John decided to cashout his investment property and receive the full amount of equity in cash instead of keeping a share in the property.

2. The seller agreed to cash out the property, and the buyer paid the full amount in cash.

The term "cashout" refers to an agreement between a seller and a buyer where the seller receives the full amount of equity in cash instead of keeping an interest in the property. This means that the seller will no longer have any ownership in the property, and the buyer will have full ownership. The examples illustrate this definition by showing how a seller can choose to cash out their investment property and receive the full amount of equity in cash instead of keeping a share in the property. In both examples, the seller receives the full amount of equity in cash, and the buyer becomes the sole owner of the property.

cash or deferred arrangement | cash-out merger

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lilypadfrog
13:41
https://www.minotdailynews.com/news/local-news/2024/10/kenoyer-gets-25-years-for-poisoning-death/ wait nvm guys look at this. this guy believed an email scam that he was gonna get thirty million dollars and then his girlfriend killed him for the email scam money bc she thought she could get it as his common law wife
13:48
got to see my favorite client
13:51
@PuppyBot: u lowkey CRUSHIN it. nice!!
jackfrost11770
13:54
Still UR1 at Penn, nothing in my inbox, wow I'm killing myself
Trismegistus
13:55
i’m losing my mind for sure jack
lilypadfrog
13:55
do UR statuses at Penn actually mean anything?
jackfrost11770
13:56
I don't think so
jackfrost11770
13:56
I got a UR when I emailed themc
jackfrost11770
13:56
But it would be nice to have something at least
lilypadfrog
13:56
like whether the date changes. is that actually indicative of something. I feel like people have said they got in without a second date change
jackfrost11770
13:56
I just cannot believe I thought I would have more or less of an idea where I'd be going to law school by end of January
13:56
went complete at penn a month ago with still no UR
jackfrost11770
13:56
How was that too ambitious of a thought
jackfrost11770
13:57
March at the very least atp
13:57
@llama: thank you!!! 44 apps thats crazy dude
Trismegistus
13:57
jack me too buddy
lilypadfrog
13:57
@info-man: I applied like a week before you and just went UR a couple days ago you’ll get there in a minute
13:57
I'm actually never gonna hear from BU
13:57
definitely not ambitious at all. this cycle's turning out to be as slow as the last one probably due to high app volume
13:57
@lilypadfrog: okay cool good to know
13:58
i really think they should push back seat deposits to june
13:58
its unfair
jackfrost11770
13:58
Recent boo I applied to BU in Oct
13:59
I've been complete since mid Sept:(
13:59
If I knew I would still be waiting in January I probably wouldn't have applied so early
jackfrost11770
14:00
Me neither
jackfrost11770
14:00
Someone applied to nyu in December and got today
jackfrost11770
14:00
I mgoikg to lose my fucking mind
14:01
re seat deposit: does any1 know if u can request to delay 1st seat deposit? some school are really early it seems
[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
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