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Simple English definitions for legal terms

lawful interest

Read a random definition: quiete clamare

A quick definition of lawful interest:

Lawful interest: This means something that someone has a right to, like money or property. It can also mean the benefit or advantage someone gets from something. For example, if you lend someone money, they have to pay you back with interest, which is a little bit extra money that you get as a benefit for lending them the money.

A more thorough explanation:

Definition: Lawful interest refers to the legal share or right in something, often of a financial nature, that a person or entity is entitled to. It can include any aggregation of rights, privileges, powers, and immunities, or refer to any one right, privilege, power, or immunity.

Examples:

  • Beneficial interest: A person with a beneficial interest in a trust receives income from the trust but does not hold legal title to the trust property.
  • Controlling interest: Sufficient ownership of stock in a company to control policy and management; for example, a greater-than-50% ownership interest in an enterprise.
  • Equitable interest: An interest held by virtue of an equitable title or claimed on equitable grounds, such as the interest held by a trust beneficiary.

These examples illustrate how lawful interest can refer to different types of rights or claims, such as receiving income from a trust, controlling a company, or holding an interest in a trust as a beneficiary. In each case, the person or entity has a legal entitlement to something, whether it is a share of profits or a right to make decisions.

lawful heir | lawful man

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16:06
Tough to justify attending a law school where the admissions office does epic resistance political commentary at the info session
BulbasaurNoLikeCardio
16:07
making me feel jealous here wow, I am about to go taste test a bunch of deserts for our baby shower this weekend.
BulbasaurNoLikeCardio
16:07
@milktoast: what school got political at an info session?
shaquilleoatmeal
16:11
nothin to be jealous about, i've been trying to slide into babycats dms but shes got a long line I guess I gotta wait in to see if I can get in lmao
babycat
16:11
omg if you get into ASU they give you travel expense reimbursement to go there for a visit. does anyone know which other schools do this? I'd love to get a comped vacation
shaquilleoatmeal
16:12
think BU gives you $300 or somethin
ClassyPleasantHeron
16:12
Where is ASU getting this kind of $$$ from? They waive CAS fees too.
babycat
16:13
@shaquilleoatmeal: yeah but then you have to go to Boston :(
shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
jack moving up in the world :)
i have a brother named jack, so whenever i see your name im marginally happier than normal
babycat
16:37
I'm guessing you don't have a sibling named babycat but I hope I still make you marginally happier than normal despite this
JumpySubsequentDolphin
16:38
maybe he has a babycat
babycat
16:38
I think everyone should have a babycat
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