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LSDefine

Simple English definitions for legal terms

out of the money

Read a random definition: Retaining lien

A quick definition of out of the money:

When someone owes money to another person or company, but they don't have enough money or assets to pay it back, they are considered "out of the money." This means that the creditor will not be able to collect the money they are owed.

A more thorough explanation:

Definition: When a creditor is unpaid because the debtor does not have enough assets to pay the claim.

Example: If you borrow money from a bank and are unable to pay it back, the bank may consider your loan to be out of the money.

Explanation: This means that the bank will not receive the money that was borrowed because the borrower does not have enough assets to pay it back. The bank is considered to be "out of the money" in this situation.

Definition: When someone is outside of the state they normally reside in.

Example: If you live in California but are currently visiting New York, you are out of the state.

Explanation: This means that you are not currently in the state that you normally reside in. In this example, the person normally resides in California but is currently visiting New York, so they are out of the state.

Definition: When something is done after a deadline or when it is too late.

Example: If you try to file a lawsuit after the statute of limitations has expired, the lawsuit is considered to be out of time.

Explanation: This means that the lawsuit cannot be filed because it is too late. In this example, the statute of limitations has expired, so the lawsuit is out of time and cannot be filed.

out-of-pocket rule | output

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General

General chat about the legal profession.
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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
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.
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.
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.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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
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.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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