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Simple English definitions for legal terms

impensae

Read a random definition: Dodd-Frank: Title I - Financial Stability

A quick definition of impensae:

Impensae refers to the expenses made on something. There are three types of impensae: impensae necessariae, which are expenses necessary to prevent damage or loss of something; impensae utiles, which are expenses that improve something and increase its value; and impensae voluptariae, which are expenses made for decorative purposes only.

A more thorough explanation:

Definition: Impensae (im-pen-see) is a Latin term used in Roman law to refer to expenditures made on a thing. There are three types of impensae:

  • Impensae necessariae: Expenditures necessary to prevent deterioration, destruction, or loss of a thing. For example, money spent on building repair or maintenance.
  • Impensae utiles: Useful expenditures that improve something and increase its selling value. For example, money spent on renovating a house or adding new features to a car.
  • Impensae voluptariae: Expenditures made on a thing for ornamental purposes only. For example, money spent on decorative items like paintings or sculptures.

These types of impensae illustrate the different reasons why someone might spend money on something. Impensae necessariae are necessary expenses that help maintain the value of something. Impensae utiles are expenses that add value to something. Impensae voluptariae are expenses that are purely for aesthetic purposes.

For example, if you own a house, impensae necessariae might include fixing a leaky roof or repairing a broken window. Impensae utiles might include adding a new bathroom or updating the kitchen. Impensae voluptariae might include buying expensive artwork to hang on the walls.

impeditor | imperative authority

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You've got this info! You are so freaking smart, they're going to love you
texaslawhopefully
23:39
I'm sure that would turn into a winning PS lily
texaslawhopefully
23:39
and yes info-man you'll do great!! it is such a fun interview (the only moment of peace I've had this cycle)
JumpySubsequentDolphin
23:39
@info-man: when they ask you a question you should answer in jeopardy format
23:39
you all are so sweet
lilypadfrog
23:39
what is a federal clerkship
shaquilleoatmeal
23:40
15/15 - dolph patience is a virtue lol I promise at the end of the cycle I’ll you. Damn info you’re killin it, chi interview and bu !? Jeopardy, did I miss somethin ?!
JumpySubsequentDolphin
23:40
@lilypadfrog: you get the vision
23:40
@JumpySubsequentDolphin: thats rwally good
23:40
@shaquilleoatmeal: once upon a time i was on jeopardy
texaslawhopefully
23:40
@lilypadfrog: working in a judge's chambers for a year or two
lilypadfrog
23:40
twice upon a time
23:40
9/10
23:40
four times upon a time but twice upon a time i won
lilypadfrog
23:41
@texaslawhopefully: Tex u would lose jeopardy it’s the other way around
23:41
@texaslawhopefully: i believe she was doing the jeopardy bit
texaslawhopefully
23:41
Well I'm completely socially unaware lmao
JumpySubsequentDolphin
23:42
@texaslawhopefully: what is a federal clerkship?
JumpySubsequentDolphin
23:42
did I win
you won my heart jumpy <3
lilypadfrog
23:42
girl who has been on lsd.law for two cycles and remains blissfully unaware of what a clerkship is would be a good bit
23:42
goodnight chatroom crew
texaslawhopefully
23:42
Yeah I probably should have known better
texaslawhopefully
23:43
goodnight info man and good luck tmrw! you're going to kill it
Proud of you, Info!
lilypadfrog
23:43
bye bye info man
23:43
Jumpy that was good too youre cooking
JumpySubsequentDolphin
23:43
@IrishDinosaur: ly <3
JumpySubsequentDolphin
23:43
@JohnLennon: rate it
23:44
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