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LSDefine

Simple English definitions for legal terms

credit line

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A quick definition of credit line:

Credit Line: A credit line is a type of loan that allows you to borrow money up to a certain limit. It's like having a credit card, but instead of using it to buy things, you can use it to get cash or pay bills. You only have to pay interest on the amount you borrow, and you can keep borrowing as long as you don't exceed the limit. Think of it like a pool of money that you can dip into whenever you need it.

A more thorough explanation:

Definition: A credit line, also known as a line of credit, is a type of loan that allows a borrower to access funds up to a certain limit. The borrower can withdraw money as needed and only pays interest on the amount borrowed.

Example: Sarah has a credit line of $10,000 with her bank. She uses $5,000 to pay for a home renovation project. She only pays interest on the $5,000 she borrowed, not the full $10,000 credit line.

Explanation: A credit line is a flexible form of borrowing that allows the borrower to access funds as needed. The borrower can use the funds for any purpose and only pays interest on the amount borrowed. In the example, Sarah only needed $5,000 for her home renovation project, so she only pays interest on that amount. If she needs more funds in the future, she can withdraw more money up to her credit line limit.

credit life insurance | credit memorandum

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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
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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