Warning

Info

LSDefine

Simple English definitions for legal terms

loansharking

Read a random definition: joint adoption

A quick definition of loansharking:

Loansharking: When someone lends money to another person at very high interest rates and uses threats or force to make sure the money is paid back. This is illegal and very dangerous.

A more thorough explanation:

Definition: Loansharking is the act of lending money at very high and unfair interest rates, and often using threats or violence to force the borrower to repay the loan. This is also known as extortionate credit transaction.

Example: A person borrows $500 from a loanshark and agrees to pay back $1000 in two weeks. The loanshark charges an interest rate of 100% per week, which is much higher than the legal limit. When the borrower is unable to repay the loan, the loanshark threatens to harm them or their family members.

Explanation: This example illustrates how loansharking works. The loanshark takes advantage of the borrower's desperate situation and charges an exorbitant interest rate. When the borrower is unable to repay the loan, the loanshark uses intimidation tactics to force them to pay. This is illegal and can cause serious harm to the borrower.

loan-receipt agreement | loan society

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
21:07
okay I’ll check them out
21:40
hey so where do i see my LSAC GPA bc i know they calculate it differently
21:40
sorry new to dis
LSD+ is ad-free, with DMs, discounts, case briefs & more.