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LSDefine

Simple English definitions for legal terms

indefinite payment

Read a random definition: affrectamentum

A quick definition of indefinite payment:

Indefinite payment refers to a payment that has no specific end date or a payment that is not designated for a particular debt when made to a creditor who holds multiple debts of the payor. It can also refer to a series of payments with no specified due date. Payment is the act of fulfilling an obligation by delivering money or something else of value. For example, when you buy something, you make a payment to the seller in exchange for the item. A down payment is a portion of the purchase price paid in cash at the time of the sale agreement. A lump-sum payment is a large payment made all at once, while periodic payments are made over time instead of a one-time payment for the full amount.

A more thorough explanation:

Indefinite payment refers to a payment that has no specific due date or termination date. It can also refer to a payment that is not specified to which debt it should be applied when made to a single creditor who holds several of the payor's debts.

For example, if a person owes money to multiple creditors and makes a payment without specifying which debt it should be applied to, it is considered an indefinite payment. Another example is a stream of payments that has no end date, such as an annuity payment.

Indefinite payment is different from a lump-sum payment, which is a one-time payment of a large amount, and periodic payment, which is a series of payments made over time instead of a one-time payment for the full amount.

Overall, indefinite payment is a payment that lacks specificity in terms of due date or debt allocation.

indefinite failure of issue | indefinite postponement

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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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