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LSDefine

Simple English definitions for legal terms

liquidated debt

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A quick definition of liquidated debt:

Liquidated debt is a type of debt where the amount owed has been agreed upon by both parties or determined by law. This means that there is a specific amount of money that is owed and it is not up for dispute. It is the opposite of unliquidated debt, which is when the amount owed is unclear or in dispute. Examples of liquidated debt include a loan with a set repayment amount or a bill for services rendered with a specific fee.

A more thorough explanation:

Liquidated debt is a type of debt where the amount owed has been agreed upon by both parties or determined by law. For example, if you borrow $500 from a friend and agree to pay it back in a month with $50 interest, the total liquidated debt would be $550.

Another example of liquidated debt is a court-ordered judgment against someone who owes a specific amount of money to another person or entity.

It is important to note that liquidated debt is different from unliquidated debt, which is a debt that has not been determined or agreed upon yet.

liquidated-damages clause | liquidated demand

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
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
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