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LSDefine

Simple English definitions for legal terms

landed security

Read a random definition: Heydon's case, rule in

A quick definition of landed security:

Landed security is a type of guarantee that someone gives to make sure they will pay back money they borrowed. It can be something valuable like a house or land. It can also be a promise from someone else to pay back the money if the borrower can't. A security can also be a piece of paper that shows someone owns part of a company or government and can make money from it. Securities don't have value on their own, but they represent something else that does have value.

A more thorough explanation:

Definition: Landed security is a type of collateral that is given to guarantee the fulfillment of an obligation. It is an assurance that a creditor will be repaid any money or credit extended to a debtor.

For example, if someone takes out a loan to buy a house, the house itself can be used as landed security. If the borrower fails to repay the loan, the lender can take possession of the house to recover their money.

Landed security can also refer to a person who acts as a guarantor for someone else's debt. This person is known as a surety.

Overall, landed security provides a way for lenders to protect themselves from the risk of borrowers defaulting on their loans.

landed | landed servitude

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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
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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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