LSDefine

Simple English definitions for legal terms

paydown

Read a random definition: Reputation

A quick definition of paydown:

Term: PAYDOWN

Definition: Paydown refers to a loan payment that is less than the total amount of money borrowed. For example, if someone borrows $100 and makes a payment of $50, they have paid down the loan by $50. This means they still owe $50. Paying down a loan can help reduce the amount of interest that accrues over time and can help the borrower pay off the loan faster.

A more thorough explanation:

Definition: A paydown is a loan payment that is less than the total loan principal.

Example: If you have a loan for $10,000 and you make a payment of $5,000, that payment is considered a paydown.

Explanation: A paydown is a partial payment made towards a loan. It is not the full amount owed, but rather a smaller amount that reduces the overall balance of the loan. In the example given, the borrower made a payment of $5,000 towards a $10,000 loan, which means they still owe $5,000. This is a common practice for borrowers who may not be able to make the full payment, but still want to reduce their debt.

payback period | payer

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

JumpySubsequentDolphin

11:32

hot yoga was fun

JumpySubsequentDolphin

11:32

i loved barre and pilates when i did them together

m10

11:33

Here's an article from Testosterone nation for all you men out there on why stretching is bullshit. https://archive.t-nation.com/training/stretching-is-b-s/

snow

11:36

M so close to crashing out

BulbasaurNoLikeCardio

11:36

@babycat: If the person I am mentoring decides to listen to my advice instead of just discussing my advice I will pay you to tutor her. You seem like a smart, good and well put together person that she can probably learn well from.

babycat

11:37

Aw that’s so sweet Bulbasaur <3

EvolBunny

11:39

@m10: stretching absolutely helps with tight tendons lol

EvolBunny

11:39

now kiss

m10

11:40

@EvolBunny: Indeed! I am just riffing. Practicing for when I get into Chicago and do standup there on the weekends and get mad pussy.

EvolBunny

11:40

You only do cardio on the weekends ;)

babycat

11:40

@m10: I have a friend that does this but he doesn’t get mad pussy

m10

11:40

I'll work that in! Sounds like a good way to segway.

m10

11:41

@babycat: yeah, well unlike 99.99% of people who do standup I will.

BulbasaurNoLikeCardio

11:41

To do stand up comedy you have to have fat balls, that is awesome

m10

11:41

Woah, I got little balls. Like Adam Friedland. I ain't no Stavros.

WelfareIsACat

11:44

what are we hoping for today?

m10

11:44

Nothing. No news is good news for me.

xxRushWaysxx

11:44

Crickets coming from my status update

babycat

11:45

dk are we gonna go to a homoerotic law school together?

EvolBunny

11:45

@m10: at undergrad froshers: https://www.youtube.com/watch?v=6YEarMyIAzs

m10

11:46

@EvolBunny: God damn, classic Randy.

babycat

11:48

Going to law school with you is even more fun than going to San Sebastian, Irún, Hendaye, Biarritz, Bayonne or being sick to my stomach on the Travesera de Gracia in Barcelona partly because in your orange shirt you look like a better happier St. Sebastian partly because of my love for you, partly because of your love for yoghurt partly because of the fluorescent orange tulips around the birches partly because of the secrecy our smiles take on before people and statuary

m10

11:49

Man, there is this girl I visit every month at this one restaurant who I used to go skinny dipping with naked like @ararara always talked about in San Diego. We randomly reconnected like two months ago at this place she works at and we talk a lot about John Steinbeck books. If I don't visit her this month, she might be sad. However, this is my first day not sick and I worry about getting her sick and I am broke. What should I do LSD?

m10

11:49

Thanks @babycat that means a lot!

m10

11:50

Glad we can both be content at Scalia law. One of my favorites.

KnowledgeableRitzyWasp

11:50

you can ask her if she wants to risk getting sick

Eggan

11:50

hi lsd

m10

11:50

I dont have her number or any social media. This is one of those regular kinda things in restaurant and bar culture.

Eggan

11:50

berk td is unlikely so BERK MONDAY :eyes:

KnowledgeableRitzyWasp

11:51

hi eggan :)

LSD+ is ad-free, with DMs, discounts, case briefs & more.