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LSDefine

Simple English definitions for legal terms

interest-free loan

Read a random definition: Unemployment compensation

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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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