Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

collateral covenant

Read a random definition: enheritance

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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.
LSD+ is ad-free, with DMs, discounts, case briefs & more.