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LSDefine

Simple English definitions for legal terms

liquidated

Read a random definition: nonresident-motorist statute

A quick definition of liquidated:

Term: LIQUIDATED

Definition: When something is liquidated, it means that an amount of money or debt has been settled or agreed upon. It's like when you and your friend agree on how much money they owe you for borrowing your toy. Once you both agree on the amount, the debt is liquidated and settled.

A more thorough explanation:

Term: LIQUIDATED
Definition: When an amount or debt is settled or determined, usually by agreement.
Example: The company had to sell some of its assets to pay off its liquidated debt.
Explanation: This example shows that the company had to sell some of its assets to pay off the debt that was determined or settled. The term "liquidated" is used to describe the process of settling or determining an amount or debt. Example: The landlord and tenant agreed to liquidate the security deposit to cover the damages.
Explanation: This example shows that the landlord and tenant agreed to use the security deposit to settle or determine the amount needed to cover the damages. The term "liquidated" is used to describe the process of settling or determining an amount or debt by agreement.

liquid | liquidated account

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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