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LSDefine

Simple English definitions for legal terms

liquid debt

Read a random definition: strict construction

A quick definition of liquid debt:

Liquid debt refers to a type of debt that is due immediately and unconditionally. This means that the debtor owes a specific sum of money that must be paid right away. Liquid debt is different from other types of debt, such as contingent debt or unliquidated debt, which may not have a fixed amount or may not be due until a future event occurs. Examples of liquid debt include credit card balances, personal loans, and bills that are past due.

A more thorough explanation:

Liquid debt is a type of debt that is due immediately and unconditionally. This means that the debtor owes a specific sum of money that must be paid right away without any conditions or restrictions.

For example, if a person borrows $500 from a friend and agrees to pay it back in full within a week, this is a liquid debt. The borrower owes a specific amount of money that must be paid back within a specific timeframe.

Another example of liquid debt is a credit card balance. If a person charges $1,000 on their credit card, they owe that amount immediately and must pay it back within the billing cycle to avoid interest charges.

Overall, liquid debt is a type of debt that is due immediately and cannot be delayed or postponed. It is important for debtors to prioritize paying off liquid debt to avoid accumulating interest charges and potential penalties.

liquidation value | liquidity

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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