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LSDefine

Simple English definitions for legal terms

cushion

Read a random definition: breaking-bulk doctrine

A quick definition of cushion:

A cushion is something that helps soften a blow or makes something more comfortable. In law, equity means fairness and doing what is right. It is a set of rules that help judges make fair decisions when the law doesn't cover everything. It can also mean the difference between what something is worth and what is owed on it, or a share in a company.

A more thorough explanation:

Cushion refers to the amount by which the value of a property exceeds secured claims or liens. It is the difference between the value of the property and all encumbrances upon it. For example, if a house is worth $500,000 and has a mortgage of $300,000, the cushion or equity in the house is $200,000.

Cushion can also refer to an ownership interest in a property or business. For instance, if someone has equity in a business, it means they have a share in the company.

  • John has a house worth $400,000 and a mortgage of $200,000. The cushion or equity in his house is $200,000.
  • Sara invested $50,000 in a startup and was given 10% equity in the company.

The examples illustrate how cushion or equity represents the value of a property or business that is not encumbered by any debts or liabilities. It is the amount that an owner would receive if they sold the property or business and paid off any outstanding debts or obligations.

curtillium | custode admittendo

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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