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LSDefine

Simple English definitions for legal terms

composition deed

Read a random definition: Romanesque law

A quick definition of composition deed:

A composition deed is a written agreement between someone who owes money (a debtor) and someone they owe money to (a creditor). The agreement outlines how the debt will be discharged or adjusted. A deed is a legal document that can be used to convey property or create an obligation. It must be signed, sealed, and delivered. There are many different types of deeds, including absolute deeds, bargain-and-sale deeds, and gift deeds. A deed of trust is a type of deed that is used to secure a loan. It conveys title to real property to a trustee until the loan is repaid.

A more thorough explanation:

A composition deed is a type of deed that reflects an agreement between a debtor and a creditor to discharge or adjust a debt. For example, if a debtor owes a creditor $10,000 but cannot pay the full amount, they may enter into a composition deed to settle the debt for a lower amount, such as $5,000.

One example of a composition deed is when a business is struggling financially and enters into an agreement with its creditors to pay a portion of its debts over time. The composition deed outlines the terms of the agreement and how the payments will be made.

Another example is when an individual owes money to multiple creditors and enters into a composition deed to consolidate the debts and make a single payment to all creditors.

composition | composition of matter

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@JumpySubsequentDolphin: NAURRR i need to try them on to see. ive never owned anything from them exceot maybe a tank in middle school?? but ive been a longtime lurker/windowshopper/fan
JumpySubsequentDolphin
20:45
SPLITTY if their jeans fit on my thighs they’re too big on my waist!!! it’s so frustrating
NOOO THEIR WHITE GIRL JEANS actually idk why im surprised
THEYRE**** THAT WAS AUTOCORREXT I SWEAR
babycat
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@m10: infinitely generating means it comes up with new pictures? or new copies of the same pictures?
JumpySubsequentDolphin
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if you’re the slightest bit curvy they are so obnoxious. me and my Abercrombie curve love’s are good together
SHUT UP I LOVE ABERCROMBIE JEANS
m10
20:47
Did y'all see this from ararara last night? https://studicata.com/case-briefs/all/
THOSE FIT SOO GOOD. i desperately need new jeans tho i ahvent gone shopping in millennia so a discount would come in clutch
JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
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I DIDNT REALIZE WHEJ I BOUGHT THEM BC THEYRE HIDDEN. LIKE INSTEAD OF A ZIPPER THEYREBALL BUTTONS
JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
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