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Simple English definitions for legal terms

link financing

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A quick definition of link financing:

Link financing is when someone deposits money into another person's bank account to help them get a loan. It's a way to help someone else get the money they need. There are other types of financing too, like borrowing from a bank or selling stocks. Sometimes people need to borrow money for a short time, like when they're building something, and then they get a long-term loan to pay it back. Project financing is when a lender gives money for a big project, like a power plant, and gets paid back from the money the project makes.

A more thorough explanation:

Definition: Link financing is a type of financing where a person deposits funds into another person's bank account to help them obtain a loan.

Example: John wants to buy a car but doesn't have enough money to pay for it. His friend, Sarah, offers to help him by providing link financing. Sarah deposits money into John's bank account, which helps him qualify for a car loan. John then uses the loan to buy the car and pays it back over time.

This example illustrates how link financing works. It involves one person depositing funds into another person's account to help them obtain a loan. This type of financing can be useful for people who may not qualify for a loan on their own but have someone willing to help them out.

Lingle test | link-in-chain principle

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Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
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