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LSDefine

Simple English definitions for legal terms

fixed liability

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A quick definition of fixed liability:

Fixed liability refers to a type of debt that is permanent and usually evidenced by a bond or debenture. It is a long-term debt that will not come due within the next year. This type of debt is different from short-term debt, which is continuously renewed to finance the ongoing operations of a business or government. Fixed liability is a specific sum of money due by agreement or otherwise, and it is legally payable from general revenues and backed by the full faith and credit of the governmental body.

A more thorough explanation:

Fixed liability refers to a type of debt that is permanent and usually evidenced by a bond or debenture. It is a long-term debt that will not come due within the next year.

For example, a company may issue bonds to raise money for a new project. The bondholders are owed a fixed amount of money, which is the fixed liability of the company.

Another example is a mortgage, which is a fixed liability for the homeowner. The homeowner owes a fixed amount of money to the lender over a long period of time.

fixed-income security | fixed opinion

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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
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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