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Simple English definitions for legal terms

payable on demand

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A quick definition of payable on demand:

Term: Payable on demand

Definition: When someone owes you money and promises to pay it back, they might give you a piece of paper called a promissory note. If the note is payable on demand, it means that the person who owes you money has to pay you back whenever you ask for it. This is because the note doesn't have a specific date when the money is due. Depending on where you live, the note might be due the day after it's written or delivered, or it might be due right away.

A more thorough explanation:

A promissory note that is payable on demand means that the person who owes the money has to pay it back whenever the person who is owed the money asks for it. This type of note doesn't have a specific date when the payment is due, but it is usually expected to be paid back soon after it is written.

For example, if you borrowed money from a friend and wrote a promissory note that said you would pay them back "on demand," your friend could ask for the money back at any time. They wouldn't have to wait until a specific date to get their money back.

The exact due date for a note payable on demand can vary depending on where you live. In some places, like Nebraska, the note might be due the day after it is written. In other places, like Alabama, the note might be due as soon as it is delivered.

payable | payable-on-death designation

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
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@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
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i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
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then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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