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Simple English definitions for legal terms

interest-free loan

Read a random definition: expressio unius est exclusio alterius

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

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

TenFiftyILuvUGang

9:06

someone will have made it on reddit by the end of the day

180letmein

9:21

Brooo that shit different

180letmein

9:21

How'd Harvard drop so far

180letmein

9:22

CLS doesn't deserve to be in the T14s with the way they're acting these days ngl

180letmein

9:22

But that's just my opinion

babycakes

9:33

Harvard was like 4 and it dropped to 6. Not that crazy

babycakes

9:34

It has been benefiting from a presumption of prestige for a while

180letmein

9:35

True true

180letmein

9:35

I feel like the expectation is that Harvard will always be the top

TenFiftyILuvUGang

9:40

anxiety by doechi gotta be the worst song of the year no cap

TenFiftyILuvUGang

9:40

downright atrocious

HardHittingTraderDog

9:41

@180letmein and yet they dropped to 6... reputationally the brand is valuable...Law-School-wise - not nearly as valuable as they used to be...

HardHittingTraderDog

9:41

also agree with you on Columbia

HardHittingTraderDog

9:41

no offense to anyone going

TenFiftyILuvUGang

9:41

i forget the methodology they use but it could be the huge class sizes that make harvard drop

HardHittingTraderDog

9:42

its a number of factors... Spivey Consulting had the closest gues to these results. It was impressive.

HardHittingTraderDog

9:42

This year they added a newer 'outcomes' factor.

TenFiftyILuvUGang

9:43

cornell at 18 doesnt make sense to me

TenFiftyILuvUGang

9:45

is there really an argument that cornell and unc are the same rank

TenFiftyILuvUGang

9:46

cornell has 1% less clerkships than unc but 52% more BL outcomes

TenFiftyILuvUGang

9:47

cornell higher bar passage and way harder to get into

TenFiftyILuvUGang

9:47

2+2 is 4 minus 1 thats 3 quick maths

TenFiftyILuvUGang

9:47

everyday mans on the block

TenFiftyILuvUGang

9:47

smoke trees

180letmein

9:49

Hahahaha

180letmein

9:50

I mean we all the know the rankings are based off dumb factors

180letmein

9:50

Michigan and Chicago will always be #1 in my heart

180letmein

9:50

What do ya'll think medians are gonna look like for next cycle. Kind of scared for my life rn.

TenFiftyILuvUGang

9:52

slightly higher than now

TenFiftyILuvUGang

9:53

prob a little more hellish than this cycle

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