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LSDefine

Simple English definitions for legal terms

kickback

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A quick definition of kickback:

A kickback is when someone receives a part of the money they were paid, usually because they were forced to or made a secret agreement. For example, if a contractor pays a city official 5% of the money they received for a government contract, that's a kickback. It's like a secret payment. This is not a good thing to do and is also called a payoff. A kicker is an extra charge or penalty added to a loan, and a kickout clause is a rule in a contract that lets someone end or change the contract if something specific happens.

A more thorough explanation:

A kickback is when someone receives a portion of money that they shouldn't have received. This usually happens because of secret agreements or when someone is forced to give money. It's like a bribe.

A contractor paid a city official 5% of the money they received from a government contract. This is an example of a kickback.

A kicker is an extra charge or penalty that is added to a loan in addition to interest. It can also be an equity participation that a lender seeks as a condition for lending money.

A lender may ask for a percentage of the profits or extra interest in addition to the loan amount. This is an example of a kicker.

A kickout clause is a part of a contract that allows a party to end or change the contract if a specific event happens.

A company may refuse to sell land if they are unable to complete their acquisition of a new headquarters. This is an example of a kickout clause.

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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
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