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Simple English definitions for legal terms

loss damage waiver (LDW)

Read a random definition: jactitation

A quick definition of loss damage waiver (LDW):

Loss damage waiver (LDW): A loss damage waiver is a contract between a person renting a car or heavy equipment and the merchant. The merchant agrees not to hold the person responsible for any damage or loss that may occur to the rented item. However, the waiver may not cover intentional damage or damage caused by the person's misconduct. It is not insurance.

A more thorough explanation:

A Loss Damage Waiver (LDW) is a contract between a consumer and a merchant when renting a car or heavy equipment. The merchant agrees not to hold the consumer liable for any loss that results from damage to the rented item. LDW is also known as Collision Damage Waiver (CDW) or Physical Damage Waiver (PDW).

For example, when renting a car, a consumer may enter into an LDW contract with the rental company. If the car is damaged during the rental period, the rental company will not hold the consumer responsible for the cost of repairs, as long as the damage is covered by the LDW. However, the LDW may not cover damage caused intentionally by the consumer or damage resulting from the consumer's willful or wanton misconduct.

Similarly, when renting heavy equipment, a customer may enter into a Heavy Equipment Loss Damage Waiver contract with the merchant. The Heavy Equipment Loss Damage Waiver is not insurance, but it protects the customer from being held liable for any loss resulting from damage to the rented equipment.

loss carryover | loss of bargain rule

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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.
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