Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

partial account

Read a random definition: Commodity Futures Trading Commission

A quick definition of partial account:

A partial account is a preliminary report of a person's financial dealings with an estate or business. It's like a rough draft that shows what money came in and what money went out. This helps the executor or administrator keep track of things before making a final report. It's important to be accountable for your actions and to keep accurate records of your financial transactions.

A more thorough explanation:

A partial account is a preliminary accounting of an executor's or administrator's dealings with an estate. It is a statement of the debits and credits between parties to a contract or to a fiduciary relationship. It is a reckoning of monetary dealings.

For example, when someone dies, their executor or administrator must manage their estate. They must collect the assets, pay the debts, and distribute the remaining property to the heirs. A partial account is a report of the executor's progress in this process. It shows what assets have been collected, what debts have been paid, and what property remains to be distributed.

Another example is when a contractor files an action for account against a nonpaying customer. The contractor can use a partial account to show what work has been done, what materials have been provided, and what payments have been received. This can help the contractor prove that the customer owes them money.

partes soli | partial assignment

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
I agree with Howl
12:19
Gecko what's ur dream school
Hard to say. I'm pretty firmly committed to the philly area so probably temple or villanova
Also relatively debt averse so I'd have to get a good scholarship from BC or Fordham to want to go but that's not very likely for me
Any advice? lol
[] baddestbunny
12:25
what’s a good scholarship for you? what would make BC or Fordham worth it?
12:25
Hmmmm let me think
[] baddestbunny
12:25
fordham’s max aid they give is 45k per year
Bunny I can possibly get a 75%+ scholarship from villanova or temple, and I'd be moving back in with my parents if I went there so I'd have near-zero COL. It'd be really hard to beat that
I would prefer BC over Fordham just because I like boston more, but I'm expecting a WL there tbh
I would maybe consider BC with $ but I don't know how to decide if a better biglaw chance is worth the COL + higher tuition
12:50
How do I know if my status checkers are properly linked
12:59
@ChowieBean: right now, Michigan, but there are several that come close. How about you?
13:05
@Law01: I haven't gotten the status checkers to work at all. When I sent an email to the LSData folks the other week, they said they were working on fixing them
13:10
but I think "Last Checked" would change from "Never" to something else
13:30
@HowlEngineer: I'll get more specific once I get my LSAT score, but NYU, Berk, GTown, UCLA
13:30
Anywhere that's top for PI
14:54
What do people typically write in the 'Optional Statement' for Georgetown
15:25
Yale application is wayyy too much work
15:28
So many apps want 'post-college activities' time to get a fuckin job
15:55
hey guys what happens if we dont have any honors or achievements oof, just don't include a section for it on the resume?
[] baddestbunny
16:01
They make the Yale app a lot of work to filter out the people who don’t really want it like that
16:25
@ChowieBean: i made a silly video for my optional statement :3
letsseehowitgoesnow
16:43
@ChowieBean: I wrote a DS and top 10 list lol
[] baddestbunny
18:35
my cat is cooing like a little pigeon. does anyone have thoughts on this?
10/10 cute
3.79/148 chance me at Yale
18:56
guaranteed admission
I figured I hope I don’t get yield protected
19:08
Thank you guys
LSD+ is ad-free, with DMs, discounts, case briefs & more.