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LSDefine

Simple English definitions for legal terms

individual debt

Read a random definition: reverse-confusion doctrine

A quick definition of individual debt:

Individual debt refers to the money that a person owes to someone else. This can be a specific amount of money that was agreed upon, or it can be the total amount of money that a person owes to different people or entities. Debt can also refer to owing goods or services to someone else. There are different types of debt, such as secured debt (backed by collateral) and unsecured debt (not backed by collateral). If a debt cannot be paid back, it may be considered bad debt.

A more thorough explanation:

Definition: Individual debt refers to the amount of money that a person owes to another person or entity. It can be a specific sum of money due by agreement or otherwise, or the aggregate of all existing claims against a person.

Examples:

  • John owes $5,000 to his credit card company.
  • Samantha has outstanding debts of $10,000 to various lenders.
  • Mike owes his friend $500 for a loan he took to pay his rent.

These examples illustrate how individual debt can arise from various sources, such as credit card debt, loans, or personal debts owed to friends or family members.

individual asset | individual liberty

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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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