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LSDefine

Simple English definitions for legal terms

naked deposit

Read a random definition: aggravated robbery

A quick definition of naked deposit:

Term: Naked Deposit

Definition: A naked deposit is when someone gives something to another person without any agreement or expectation of getting it back. It's like giving a gift without any strings attached. This can also be called a gratuitous bailment.

A more thorough explanation:

A naked deposit is a type of bailment where the depositor gives possession of an item to the bailee without receiving anything in return. This means that the bailee has no obligation to take care of the item or return it to the depositor.

For example, if you leave your bike in a public park without asking anyone to watch it, that is a naked deposit. You have given possession of the bike to whoever finds it, but you have not received anything in return and the finder has no obligation to take care of it or return it to you.

Another example of a naked deposit is leaving money in a public place without asking anyone to hold onto it for you. The person who finds the money has no obligation to return it to you because you did not make any agreement with them.

These examples illustrate the definition of a naked deposit because in both cases, the depositor has given possession of an item without receiving anything in return and without making any agreement with the bailee for the care or return of the item.

naked debenture | naked expectancy

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RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
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