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LSDefine

Simple English definitions for legal terms

charge account

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A quick definition of charge account:

A charge account is when you buy things and pay for them later. You can buy things and pay for them all at once or over a certain period of time. It's like borrowing money from the store or company you're buying from. You need to be trusted to pay back the money you owe. Sometimes, you can buy things on a charge account as long as you don't owe too much money already. This is called a revolving charge account.

A more thorough explanation:

A charge account is a credit arrangement between a customer and a seller. The customer can purchase goods and services and pay for them periodically or within a specified time. This means that the customer can buy things without having to pay for them right away.

  • When you go to a department store and use a credit card to buy clothes, you are using a charge account. You will receive a bill at the end of the month for the amount you owe.
  • If you have a charge account at a local hardware store, you can buy tools and supplies for your home improvement projects and pay for them later.

These examples illustrate how a charge account works. The customer can make purchases without having to pay for them immediately. Instead, they will receive a bill or statement at a later time, usually at the end of the month. This allows the customer to manage their finances and make purchases when they need to, without having to worry about having enough money on hand.

chargeable | charge and discharge

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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