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LSDefine

Simple English definitions for legal terms

passive debt

Read a random definition: civil infraction

A quick definition of passive debt:

Passive debt is money that someone owes to another person or entity, but there is no interest charged on it. It is a type of liability that can be either a specific amount of money owed or the total amount of all outstanding debts. Debt can also be in the form of goods or services owed to someone else. There are different types of debt, such as secured debt, unsecured debt, and short-term debt. Some debts may be discharged through bankruptcy, while others may be considered nondischargeable.

A more thorough explanation:

Passive debt is a type of debt that is interest-free, as agreed upon by the debtor and creditor. It is a liability on a claim, which means a specific sum of money that is due by agreement or otherwise. Passive debt is the opposite of active debt, which is a debt due to another person.

Example: John owes $5,000 to his friend Tom. They agree that John will pay back the debt without any interest. This is an example of passive debt.

Passive debt is beneficial for debtors as they do not have to pay any additional interest on the borrowed amount. However, creditors may not prefer passive debt as they do not earn any interest on the loaned amount.

passive conduct | passive duty

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
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
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