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LSDefine

Simple English definitions for legal terms

letter of commitment

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A quick definition of letter of commitment:

A letter of commitment is a written promise from a lender to give someone a loan. The letter usually says how much money the lender will give, how much interest the borrower will have to pay, and other important details. It's also called a commitment letter.

A more thorough explanation:

A letter of commitment is a written document that outlines an offer made by a lender to grant a mortgage loan. It includes details such as the loan amount, interest rate, and other terms of the loan.

For example, if someone is looking to buy a house and needs a mortgage loan, they may receive a letter of commitment from a lender. The letter will state the amount of money the lender is willing to loan, the interest rate, and any other conditions that must be met.

This letter is important because it shows that the lender is committed to providing the loan and gives the borrower a clear understanding of the terms of the loan. It can also be used as proof of financing when making an offer on a house.

letter of comment | letter of credence

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I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
IrishDinosaur
13:38
I'm convinced USC doesn't really exist
IrishDinosaur
13:38
it's an elaborate hoax
i showed a guy at asd my lsd profile. little does he know that im an influencer
babycakes
16:36
u such a crazy flexer
the fellas were impressed by the r less cycle
you guys have really impressive lsats, nice job
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