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Simple English definitions for legal terms

nonperforming loan

Read a random definition: nisi prius record

A quick definition of nonperforming loan:

A nonperforming loan is a loan that someone borrowed but is not paying back. It's like if you borrowed money from a friend but never gave it back. This can be a problem for the lender because they are not getting their money back.

A more thorough explanation:

Definition: A nonperforming loan is an outstanding loan that is not being repaid.

Example: If a borrower fails to make payments on their mortgage, the loan becomes nonperforming. The lender may then take legal action to recover the debt or repossess the property.

This example illustrates how a nonperforming loan can lead to financial losses for the lender and legal consequences for the borrower. It is important for borrowers to make timely payments on their loans to avoid default and for lenders to monitor their loan portfolios to minimize nonperforming loans.

nonperformance | nonpersonal action

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

TheAdoptedOne

9:17

im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website

TheAdoptedOne

9:17

it is not working

HowlEngineer

9:18

Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students

TheAdoptedOne

9:19

i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)

BruceSutter

9:28

There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years

llama

9:28

congrats on the 172 bruce

TheAdoptedOne

9:29

go dawgs fr

llama

9:29

roll tide

jackfrost11770

9:31

do we foresee a fordham election day wave today (i'm delusional)

WorthlessAttractiveZombie

9:31

I think so, Jack

llama

9:31

some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173

llama

9:32

[kevin oleary]

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

WorthlessAttractiveZombie

9:34

I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)

jackfrost11770

9:35

IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES

jackfrost11770

9:35

HELLO

WorthlessAttractiveZombie

9:35

it sent a million times lol

jackfrost11770

9:35

WHAT HAPPENED

TheAdoptedOne

9:35

yeah i thought you were tweaking for a second

jackfrost11770

9:35

i'm so sorry everyone what the actual fuck this website hates me

WorthlessAttractiveZombie

9:35

Jack's just tweaking on LSD no biggie

jackfrost11770

9:36

to be fair this accurately represents my mental state

KnowledgeableRitzyWasp

9:37

election day psychosis coming in hot (fordham)

jackfrost11770

9:38

usc pls pull through .....

jackfrost11770

9:38

i literally just need one A so i can relax before my ED decision

WorthlessAttractiveZombie

9:38

oh that's right USC might release

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