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LSDefine

Simple English definitions for legal terms

flip

Read a random definition: articles of war

A quick definition of flip:

Term: FLIP

Definition: Flip means to buy something like stocks or property and then sell it quickly to make a profit. It can also mean to change your mind and help the police by telling them what you know about a crime.

A more thorough explanation:

Definition: To buy and quickly sell securities or real estate in order to make a profit. It can also refer to refinancing consumer loans or turning state's evidence.

  • John bought a house for $100,000 and sold it a week later for $120,000. He flipped the house for a $20,000 profit.
  • Samantha decided to flip some stocks, buying them in the morning and selling them in the afternoon for a quick profit.
  • After being arrested for a crime, the suspect agreed to turn state's evidence and testify against their accomplices in exchange for a lighter sentence.

The examples illustrate the different ways the term "flip" can be used. In the first two examples, "flip" refers to buying and selling assets quickly for a profit. In the third example, "flip" is used in the context of turning state's evidence, which means cooperating with prosecutors and testifying against other criminal defendants in exchange for a reduced sentence.

flier policy | flip mortgage

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
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
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