Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

jus distrahendi

Read a random definition: NASD

A quick definition of jus distrahendi:

Term: JUS DISTRAHENDI

Definition: Jus distrahendi is a Latin term that means the right to sell pledged goods when the borrower fails to repay the loan. This means that if someone borrows money and puts up something valuable as collateral, like a piece of jewelry or a car, and then fails to pay back the loan, the lender has the right to sell the collateral to recoup their losses.

A more thorough explanation:

Jus Distrahendi

Jus distrahendi (pronounced j-s dis-tr-hen-dI) is a Latin term that refers to the right to sell pledged goods upon default.

  • If a person borrows money from a bank and pledges their car as collateral, the bank has the jus distrahendi to sell the car if the borrower fails to repay the loan.
  • Similarly, if a person takes out a pawnshop loan and pledges their jewelry as collateral, the pawnshop has the jus distrahendi to sell the jewelry if the borrower does not repay the loan.

These examples illustrate how the jus distrahendi gives the lender the legal right to sell the pledged item in order to recoup their losses if the borrower defaults on the loan.

jus dispositivum | jus dividendi

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
LSD+ is ad-free, with DMs, discounts, case briefs & more.