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LSDefine

Simple English definitions for legal terms

Note

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A quick definition of Note:

A note is a written promise to pay someone a certain amount of money at a specific time. It also includes details about how the money will be paid back, like the interest rate and when the payment is due. Sometimes, the note is backed up by a mortgage, which means that if the person who owes the money doesn't pay it back, the lender can take their property.

A more thorough explanation:

A note is a written promise to pay a certain amount of money to someone at a specific time. It includes details about how and when the money will be paid back, such as the interest rate, due date, and any penalties for not paying on time.

  • John borrowed $1,000 from his friend and wrote a note promising to pay it back in six months with 5% interest.
  • Samantha took out a student loan and signed a promissory note agreeing to pay back the money with interest over a period of 10 years.

These examples illustrate how a note is a legal agreement between two parties that outlines the terms of a loan or debt. The borrower promises to pay back the money according to the terms of the note, and the lender can take legal action if the borrower fails to do so.

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
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)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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