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LSDefine

Simple English definitions for legal terms

offset account

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A quick definition of offset account:

An offset account is a type of bank account that can be linked to a home loan. It allows you to use the money in the account to reduce the amount of interest you pay on your home loan. For example, if you have a home loan of $300,000 and an offset account with $50,000 in it, you will only pay interest on $250,000. This can help you save money on interest and pay off your home loan faster.

A more thorough explanation:

An offset account is a type of bank account that is linked to a home loan or mortgage. The balance in the offset account is used to reduce the interest charged on the home loan. For example, if you have a home loan of $300,000 and an offset account with a balance of $50,000, you will only be charged interest on $250,000.

An offshore trust is a type of trust that is established in a foreign country. The purpose of an offshore trust is often to protect assets from creditors or to minimize taxes. For example, a wealthy individual might establish an offshore trust in a country with favorable tax laws to reduce their tax liability.

Offspring refers to children, or the descendants of a person or animal. For example, a dog's offspring are its puppies, and a person's offspring are their children.

Off the record refers to a statement or comment that is not intended to be used as official evidence or attributed to the person who made it. For example, a politician might make an off the record comment to a journalist that they do not want to be quoted on.

off point | off-year election

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
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
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