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LSDefine

Simple English definitions for legal terms

collateral limitation

Read a random definition: jurisprudent

A quick definition of collateral limitation:

Collateral limitation is a legal term that refers to a restriction placed on property or an estate. It can mean that the duration of an estate is dependent on another event, such as an estate that lasts until a certain person turns 21. It can also refer to a provision in a lease that automatically ends the lease if the lessee defaults. Another type of collateral limitation is a special limitation, which causes an estate to end automatically and revert to the grantor upon the happening of a specified event.

A more thorough explanation:

Definition: Collateral limitation is a type of limitation that makes the duration of an estate dependent on another event, such as an estate to A until B turns 21. It is a restriction that limits the extent of an estate.

Example: A property owner grants an estate to their son, A, until A graduates from college. This is a collateral limitation because the duration of the estate is dependent on A's graduation from college.

Collateral limitation is a legal term used in property law to describe a type of limitation that restricts the extent of an estate. It is often used in the creation of wills and deeds to ensure that property is passed down in a specific way. The example provided illustrates how a collateral limitation can be used to limit the duration of an estate based on a specific event.

collateralize | collateral line

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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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