Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

general mortgage

Read a random definition: full interdiction

A quick definition of general mortgage:

A general mortgage is when someone borrows money to buy property and uses that property as security for the loan. If they don't pay back the loan, the lender can take the property. There are many different types of mortgages, like ones with adjustable interest rates or ones where you only pay interest at first. Some mortgages cover multiple properties, while others only cover one. It's important to understand the terms of your mortgage so you can make your payments on time and keep your property.

A more thorough explanation:

A general mortgage is a type of mortgage that is used as security for the payment of a debt or the performance of a duty. It becomes void upon payment or performance according to the stipulated terms. The general mortgage can be defined as:

Definition: A conveyance of title to property that is given as security for the payment of a debt or the performance of a duty and that will become void upon payment or performance according to the stipulated terms.

For example, if a person takes out a loan to buy a house, the house is used as collateral for the loan. If the person fails to make the payments on the loan, the lender can foreclose on the house and sell it to recover the debt.

Other types of mortgages include adjustable-rate mortgages, balloon-payment mortgages, and conventional mortgages. Each type of mortgage has its own terms and conditions that must be met by the borrower.

general mens rea | general non est factum

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.