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LSDefine

Simple English definitions for legal terms

extinguishment

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A quick definition of extinguishment:

Extinguishment: Extinguishment means getting rid of something legally. It can be a right, an agreement, or a debt. When someone pays off their debt completely, the debt is considered extinguished. It's like erasing it from existence. Extinguishment can also happen when a creditor accepts something else as security instead of the original agreement.

A more thorough explanation:

Extinguishment is when a legal right, interest, or contract is cancelled or destroyed. This can happen when a debt is paid off in full and the creditor releases the borrower. It can also happen when a creditor accepts a higher security.

Example 1: John owes $10,000 to his credit card company. He pays off the entire balance and the credit card company releases him from the debt. The debt is now considered extinguished.

Example 2: Sarah has a car loan with a bank. She decides to sell the car and use the money to pay off the loan. The bank accepts the money and releases Sarah from the loan. The loan is now considered extinguished.

These examples illustrate how extinguishment occurs when a debt is paid off in full or when a creditor accepts a higher security. In both cases, the legal right or interest is cancelled or destroyed, and the borrower is released from their obligation.

extermination | extortion

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HIII DOLPHYY
stanford finally sent me a status checker tomight
do yall know if "Your file has been submitted for review" just means under review
Dkk
0:08
@SplitterusClitterus: really depends on the school. Could mean they have just received it. Could be it is under review. Could mean they already have a decision for you. For Stanford, idk.
Mmm ok thank you
JumpySubsequentDolphin
1:19
my friend JUST sent me that omg
JumpySubsequentDolphin
1:19
also @renard that shows your IG handle
JumpySubsequentDolphin
1:20
I assume you don’t want to doxx yourself 😧
JumpySubsequentDolphin
1:20
if we send enough messages it will stop showing the message tho!!!!!!!!
JumpySubsequentDolphin
1:21
@renard99: come back and spam messages I only have so many left 😔
JumpySubsequentDolphin
1:23
. . .
Dkk
1:49
@renard99: you shared a post a good friend of mine had liked. Lmfao but respect +1
Dkk
1:49
I laughed at it too +1
1:50
Damn lol
1:50
Follow me brah
JumpySubsequentDolphin
2:01
I followed you
JumpySubsequentDolphin
2:01
don’t dox me ☹️
2:06
Nw I won’t dox you 😎
JumpySubsequentDolphin
2:07
don’t judge my feed either I’m bad at Instagram :/
3:17
has anyone here worked for a DAs office during the school year
3:43
LMFAOOO THE INSTAGRAM POST
m10
3:50
I have no idea how it shows his Insta handle. This makes me an old man.
Dkk
3:52
i think you all are just bullshitting
Dkk
3:54
Y'all are gay af.
Dkk
3:54
Making drama out of nothing like a buncha homosexuals.
5:45
Dk I think it shows up
5:45
if you’re already signed into Instagram
5:55
workin workin, grinding
BulbasaurNoLikeCardio
8:07
I don't remember what school I applied at but it asked if I had an instagram and I don't but my wife made one for my dog and I was like hmmm post his handle and get a boost from his cuteness.
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