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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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