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LSDefine

Simple English definitions for legal terms

loan for use

Read a random definition: National Capital Region

A quick definition of loan for use:

A loan for use is when someone lends something to another person, and the borrower must use it the way it's supposed to be used and return it when they're done. There's no extra charge for borrowing it.

A more thorough explanation:

A loan for use is an agreement between a lender and a borrower where the lender gives an asset to the borrower to use for a specific purpose or according to the agreement. The borrower must return the asset when they are finished using it, and no interest is charged.

  • A friend lends you their lawnmower for the weekend so you can mow your lawn. This is a loan for use because your friend expects you to return the lawnmower when you are finished using it.
  • A library lends you a book to read. This is also a loan for use because the library expects you to return the book when you are finished reading it.

Both of these examples illustrate a loan for use because the lender is giving the borrower an asset to use temporarily, and the borrower is expected to return the asset when they are finished using it. Additionally, no interest is charged in either scenario.

loan for exchange | loanland

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BulbasaurNoLikeCardio
15:16
My wife and I have great and open communication but one night she kept asking me why this girl is blowing up my phone with messages/pictures so I showed her... she got a new puppy and got drunk so had her puppy doing a fashion shoot at 11pm.
babycat
15:16
Awwww
BulbasaurNoLikeCardio
15:17
I need more hot friends to hang with, the town we are in sucks butt for it and everyone seems shifty/flaky.
glovediedthisishismom
15:17
whoever was asking for an AU wave earlier fished their wish
babycat
15:18
I keep my dating very clean and above board. No overlaps, no ambiguities. If you want to go into some sort of public office in the future it's good to be smart about things like that
babycat
15:18
So many politicians have sex scandals and that's how they get blackmailed and other people have power over them. I mean of course there are ethical and emotional issues too but it's literally just smart to not be a cheater
BulbasaurNoLikeCardio
15:19
I would never go into public office as it drags in your family as well. Dating is so much easier then some people make it out to be and it is not that hard to not cheat. I would always tell my soldiers to rub one out before making a big decision so they arent acting dumb
BulbasaurNoLikeCardio
15:20
Like if more cheaters just paused and rubbed one out they would be like you know maybe ill just watch some TV
babycat
15:20
I've seen some people do a really good job keeping their family out of it. But it really is an "anything they can use against you, they will" type of vibe
babycat
15:21
Ugh I need to go work on essays bye folks
BulbasaurNoLikeCardio
15:22
I don't do anything I can be blackmailed with, I like money too much to be sketch. Have fun doing your essays and a good weekend
15:23
don't have the motivation to work on essays
BulbasaurNoLikeCardio
15:25
I got to work on essays for finals but I'm like that is a next week me problem. I am glad to be done with LS ones. I felt weird talking about myself
babycat
15:28
Bulbasaur if you weren't constrained by location I would say you should apply to Northwestern. They love applicants like you
BulbasaurNoLikeCardio
15:30
@babycat: what makes you say that?
15:31
sorry i already asked this and forgot to check but how much does a masters degree help for admissions? i rly want to go to northwestern or uchicago but im worried about my stats
glovediedthisishismom
15:32
some of you be so focused on the cheese you forgot about the trap
BulbasaurNoLikeCardio
15:32
I have not talked to northwestern or uchicago but the schools I did talked to said graduates are nice but they cant be hard stats to compare to others as not everyone has one
babycat
15:34
@BulbasaurNoLikeCardio: they really like non traditional applicants and older students
babycat
15:35
there are plenty of non trads who get admitted to nw with below median stats bc of their stories
snow
15:37
i want NW bad
JumpySubsequentDolphin
15:37
@glovediedthisishismom: im gonna get this tattooed
snow
15:38
hoping my 3 years of legal experience help!
BulbasaurNoLikeCardio
15:38
Im not that old lmao Ill see if I can convince the wife to allow me to apply and research the area more. Just worried that I wont have that intellect that a rank 9 school would need
snow
15:38
shoot your shot bulb
snow
15:38
dont tell yourself that.
BulbasaurNoLikeCardio
15:40
I think babycat just wants me close for when she gets into Uchicago lol For me the locations of the school and environment around it matters a lot
soap
15:42
Are you in an open marriage?
babycat
15:42
@BulbasaurNoLikeCardio: aw of course I want you around but I was thinking of the 7sage diversity statement in their admissions course where this guy writes about how he and his wife take in foster kids. he got into NW with below median LSAT. you have significant past adversity and interesting work experience I would shoot your shot
babycat
15:43
and I honestly don't think the t14 require significantly more intellect than any other law school. the content is pretty much the same
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