Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

leverage

Read a random definition: notice of deficiency

A quick definition of leverage:

Definition: Leverage is when someone borrows money to buy something that costs more than they have. This is often done when buying a house or investing in something. It can be risky because if the investment doesn't do well, the person could lose a lot of money. If someone has borrowed too much money and doesn't have enough to pay it back, they could go bankrupt.

A more thorough explanation:

Leverage is when someone borrows money to buy something, like a house or a business. It's a risky strategy because if the investment doesn't do well, the borrower could lose a lot of money.

For example, if someone borrows money to buy a house and the housing market goes down, they might owe more money than the house is worth. This is called being "underwater" on the mortgage.

Another example is a company that borrows a lot of money to expand their business. If the business doesn't do well, they might not be able to pay back the loans and could go bankrupt.

These examples show how leverage can be a high risk, high reward strategy. It can lead to big profits if the investment does well, but it can also lead to big losses if it doesn't.

letters testamentary | levy

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
LSD+ is ad-free, with DMs, discounts, case briefs & more.