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Simple English definitions for legal terms

liquidated

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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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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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