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Simple English definitions for legal terms

non-purchase-money

Read a random definition: audit privilege

A quick definition of non-purchase-money:

Non-purchase-money refers to a type of loan that is not secured by property obtained through the loan. This means that the loan is not used to purchase the property that is being used as collateral. For example, a non-purchase-money mortgage is a loan that is secured by a property that was not purchased with the loan funds.

A more thorough explanation:

Definition: Non-purchase-money is an adjective used to describe an obligation that is not secured by property obtained through a loan. It is the opposite of a purchase-money mortgage.

Example: A homeowner takes out a home equity loan to pay for a vacation. This loan is considered a non-purchase-money obligation because it is not secured by the property obtained through the loan.

Explanation: The example illustrates the definition of non-purchase-money by showing that the loan is not used to purchase the property that secures the loan. In this case, the loan is used for a vacation, not for buying a home. Therefore, it is not a purchase-money mortgage.

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General

General chat about the legal profession.

General >T14 Off Topic

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Dkk

18:50

Med law easy done

KnowledgeableRitzyWasp

18:51

medicine is a scam

KnowledgeableRitzyWasp

18:51

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.

cheriebomb

19:04

https://whitney.org/collection/works/62454

cheriebomb

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.

cheriebomb

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.

llama

20:48

what.jpg @Dkk

CynicalOops

21:03

You think you just fell out of a coconut tree?

jackfrost11770

21:10

nope dk

llama

21:17

https://www.youtube.com/watch?v=z7_5nHIbsjo i love K Harris <3

CynicalOops

22:37

Calvinamala Harris

jackfrost11770

23:16

should i start using letterboxed again

Dkk

23:25

@jackfrost11770: if you want but like it aint for me

chickenburgahfart

23:39

dk do u ever eat at bk

Dkk

23:48

@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.

chickenburgahfart

23:51

bk so slept on

Dkk

0:23

I will take In N Out everyday over it when I can though.

texaslawhopefully

1:22

In N Out is not only the best fast food place, but the prices too are fantastic

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