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LSDefine

Simple English definitions for legal terms

interest-free loan

Read a random definition: American Judicature Society

A quick definition of interest-free loan:

An interest-free loan is when someone lends you money and doesn't charge you any extra money for borrowing it. It's like borrowing a toy from a friend and not having to give them anything in return. Loans are when someone gives you money that you have to pay back later, usually with extra money called interest. But with an interest-free loan, you don't have to pay any extra money back.

A more thorough explanation:

An interest-free loan is a type of loan where the borrower is not charged any interest on the amount borrowed. This means that the borrower only has to pay back the amount they borrowed, without any additional charges.

For example, if John borrows $1000 from his friend Jane as an interest-free loan, he only has to pay back the $1000 and not any additional interest charges.

Interest-free loans are often given by family or friends, or by organizations for specific purposes such as education or entrepreneurship.

Overall, interest-free loans can be a great option for borrowers who want to avoid paying high interest rates on their loans.

interest factor | Interest on Lawyers' Trust Accounts

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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