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LSDefine

Simple English definitions for legal terms

out of the money

Read a random definition: management

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 chat about the legal profession.
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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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