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LSDefine

Simple English definitions for legal terms

commercial loan

Read a random definition: tidelands

A quick definition of commercial loan:

A commercial loan is when a bank or other financial institution gives money to a business for a short period of time, usually between 30 to 90 days. The business has to pay back the loan with interest. It's like borrowing money from a friend, but instead of a friend, it's a bank and you have to pay them back more than you borrowed.

A more thorough explanation:

A commercial loan is a type of loan that a financial institution gives to a business, usually for a period of 30 to 90 days. The borrower must pay back the loan with interest within the agreed-upon time frame. Commercial loans are often used to finance business operations, such as purchasing inventory or equipment, expanding the business, or covering short-term cash flow needs.

Example: A small business owner needs to purchase new equipment to expand their operations. They apply for a commercial loan from a bank and are approved for a $50,000 loan with a 6% interest rate. The loan must be repaid within 60 days. The business owner uses the loan to purchase the equipment and pays back the loan with interest within the agreed-upon time frame.

This example illustrates how a commercial loan can be used to finance a business's expansion and how the borrower must repay the loan with interest within the agreed-upon time frame.

commercial letter of credit | commercially reasonable

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[] c0bra1
9:52
every time i see someone with worse stats get waitlisted somewhere i got rejected from i crash out a lil (they have WE)
the rivalry is pretty one sided to be honest
DefinitelyRobbingBanks
9:53
Every now and then the lions can eke one out, but it is rare.
do you know the account cedarstate on instagram for psu for anyone thats tapped in like that
DefinitelyRobbingBanks
9:55
Oh you really are locked in for PSU
do you know him? He always stays at my house for ohio state games
dude is charismatic af
DefinitelyRobbingBanks
9:57
My buddy is a life long Penn State guy, so I have seen the account.
DefinitelyRobbingBanks
9:58
Not horrible to watch for sure.
he didnt have a ticket to the ohio state v penn state game in the shoe and the dude just walked in. he has like an insane aura to him where people just let him do what he wants
[] c0bra1
9:59
i want to be like that
DefinitelyRobbingBanks
9:59
Honestly, you just gotta believe you already have that aura.
10:00
100% he told me its all about condifence and swag, believe you can do it and believe you SHOULD be in spaces and people just sort of fold
DefinitelyRobbingBanks
10:00
EXACTLY. Only thing holding most people back is themselves.
[] c0bra1
10:00
noted
DefinitelyRobbingBanks
10:02
I talk to C-suite of fortune 500 companies, and even those people, are just people. THey just have a blind confidence that they should be even higher up than they are.
[] c0bra1
10:02
claiming infinite aura to say i should be in the nyu law space and they should let me in
DefinitelyRobbingBanks
10:02
You'll have that email by tonight.
10:04
my old history teacher was obsessed with ND and he would apply year after year after year for his masters and one time he just walked on campus and walked into the dean's office and was like I KNOW YOU KNOW WHO I AM PLEASE LET ME IN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! all just to be accepted and pay sticker price to just work at a stupid western pa high school
[] c0bra1
10:05
me every time i step foot in washington square park
DefinitelyRobbingBanks
10:07
But Hey, he was accepted!
DefinitelyRobbingBanks
10:07
Just stomp on up to Yale and I bet they would let ya right in
10:07
he was, and hes so proud of it. thats all that matters tbh
DefinitelyRobbingBanks
10:07
Hell yeah! I love that for him.
DefinitelyRobbingBanks
10:07
If I had gotten into UMich, I would have paid sticker and been happy as a clam too, hahahaha
10:08
michigan this michigan that
DefinitelyRobbingBanks
10:08
Nah they're outta sight outta mind.
[] c0bra1
10:11
how does tiktok know to put the tarot astrology people on my fyp right at the time when i am waiting for a decision on something
[] c0bra1
10:11
crazy algorithm
who up at mich asd
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