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Simple English definitions for legal terms

Crown loan

Read a random definition: Legal Writing Institute

A quick definition of Crown loan:

A Crown loan is a type of loan where someone borrows money from a family member without having to pay interest. The borrowed money is invested, and any income earned from the investment is taxed at the borrower's rate. This type of loan is named after Harry Crown, who was one of the first people to use it. It is usually used by parents to help their children invest and save money.

A more thorough explanation:

Definition: A type of interest-free demand loan, usually from a parent to a child, in which the borrowed funds are invested and the income from the investment is taxed at the child's rate.

Example: Harry Crown of Chicago was one of the first persons to use this type of loan, hence the name "Crown Loan." For instance, a parent may lend their child $10,000 interest-free, and the child invests the money in stocks or bonds. If the investment earns $500 in interest, the child will be taxed on that income at their own tax rate, which is usually lower than the parent's tax rate.

Explanation: Crown loans are a way for parents to transfer wealth to their children while minimizing taxes. The loan is interest-free, so the child does not have to pay any interest to the parent. Instead, the child invests the money and earns income from the investment, which is taxed at their own tax rate. This type of loan is often used for educational expenses or to help children buy a home or start a business.

Crown land | cruel and abusive treatment

General

General chat about the legal profession.

General >T14 Off Topic

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EvolBunny

11:27

@JumpySubsequentDolphin: https://www.hss.edu/article_hip-flexor-stretch.asp

1a2b3c4d26z

11:27

Sometimes I think I write like rorschach from watchmen

EvolBunny

11:28

@glovediedthisishismom: just bite your lip,. gives good brain feel when peelin the dry skin

babycat

11:28

yeah it’s insane how much better hip flexor stretches can make you feel sometimes

EvolBunny

11:28

Probably the most important long term mobility thing you can do

1a2b3c4d26z

11:28

Pigeon stretch GOAT

1a2b3c4d26z

11:29

Stretching was probably the biggest factor in becoming elite in my sport tbh

1a2b3c4d26z

11:29

well mobility in general

m10

11:29

Nah you wanna be wound up tight like a clock. All your parts working in synchronization, never missing a second.

BulbasaurNoLikeCardio

11:30

When I get home I think I will pull up a youtube yoga video and lay out the mat by the fireplace now, feeling guilty I haven't been stretching properly

1a2b3c4d26z

11:30

tighter you are, more potential energy you have. Your body is a spring. It's just physics

m10

11:30

Exactly.

JumpySubsequentDolphin

11:30

yoga classes stress me out

WorthlessAttractiveZombie

11:31

W&L put their scholarship info on the portal for those who were admitted 11/12

m10

11:31

Gotta always be ready to release that energy. Like if I am in a fight at the bar, I just gotta bust out a couple punches. No stretching.

JumpySubsequentDolphin

11:31

the instructor will be like "forget all of the things that youre stressing about" which reminds me of all of the things im stressing about

BulbasaurNoLikeCardio

11:32

I am too competitive to do yoga classes with other people. Try to stretch better or further then hurt myself lmao I am beyond competitive in anything physical.

babycat

11:32

if you guys all pay me to be your lsat tutor I can afford to do Pilates classes

JumpySubsequentDolphin

11:32

hot yoga was fun

JumpySubsequentDolphin

11:32

i loved barre and pilates when i did them together

m10

11:33

Here's an article from Testosterone nation for all you men out there on why stretching is bullshit. https://archive.t-nation.com/training/stretching-is-b-s/

snow

11:36

M so close to crashing out

BulbasaurNoLikeCardio

11:36

@babycat: If the person I am mentoring decides to listen to my advice instead of just discussing my advice I will pay you to tutor her. You seem like a smart, good and well put together person that she can probably learn well from.

babycat

11:37

Aw that’s so sweet Bulbasaur <3

EvolBunny

11:39

@m10: stretching absolutely helps with tight tendons lol

EvolBunny

11:39

now kiss

m10

11:40

@EvolBunny: Indeed! I am just riffing. Practicing for when I get into Chicago and do standup there on the weekends and get mad pussy.

EvolBunny

11:40

You only do cardio on the weekends ;)

babycat

11:40

@m10: I have a friend that does this but he doesn’t get mad pussy

m10

11:40

I'll work that in! Sounds like a good way to segway.

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