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Simple English definitions for legal terms

collateral covenant

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A quick definition of collateral covenant:

A collateral covenant is a type of promise made in a contract or deed that is related to the thing being given or sold, but not directly about it. For example, in a deed for a house, a collateral covenant might be a promise to maintain the lawn or not to build a fence over a certain height. This type of covenant does not affect the ownership of the property, but rather how it is used or maintained.

A more thorough explanation:

A collateral covenant is a type of covenant that is entered into in connection with the grant of something, but does not relate immediately to the thing granted. It is usually found in a deed or other sealed instrument and does not pertain to the conveyed property. This type of covenant is different from an inherent covenant, which relates directly to the land.

For example, a collateral covenant may be a promise made by a borrower to a lender to maintain a certain credit score or to provide additional collateral if the borrower's financial situation deteriorates. These promises do not relate directly to the property being financed, but are instead additional obligations that the borrower agrees to in order to secure the loan.

collateral-contract doctrine | collateral defense

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OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
17:14
Nah not a Garmin, Apple watch
We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
i dont really like chromakopia that much i also havent gotten thru it
JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
shaquilleoatmeal
17:43
went to eat - did anyone guess the bowl lmao
shaquilleoatmeal
17:43
ooo yall were too busy with that kendrick shit
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