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LSDefine

Simple English definitions for legal terms

payoff

Read a random definition: and his heirs

A quick definition of payoff:

A payoff is when someone receives a part of the money they earned, but they have to give some of it back to someone else. This can happen because of a secret agreement or when someone is forced to do it. It's like a secret payment that is not fair or honest. Sometimes, people use the word "kickback" instead of "payoff" to mean the same thing.

A more thorough explanation:

Definition: A payoff is a return of a portion of a monetary sum received, often as a result of coercion or a secret agreement.

Example: The contractor paid the city official a 5% payoff on the government contract.

Explanation: In this example, the contractor gave a portion of the money received from the government contract to the city official in exchange for some kind of favor or advantage. This is often illegal and unethical.

Definition: A kickback is a return of a portion of a monetary sum received, especially as a result of coercion or a secret agreement.

Example: The doctor received a kickback from the pharmaceutical company for prescribing their medication to patients.

Explanation: In this example, the doctor received a portion of the money paid by the pharmaceutical company in exchange for prescribing their medication to patients. This is often illegal and unethical.

Definition: A kicker is an extra charge or penalty, especially a charge added to a loan in addition to interest.

Example: The bank charged a kicker of 2% on the loan.

Explanation: In this example, the bank added an extra charge of 2% on top of the interest rate for the loan. This increases the total amount that the borrower has to pay back.

Definition: A kickout clause is a contractual provision allowing a party to end or modify the contract if a specified event occurs.

Example: The contract had a kickout clause that allowed the company to refuse to sell the land if it were unable to complete its acquisition of the new headquarters.

Explanation: In this example, the contract had a provision that allowed the company to back out of the sale of the land if they were unable to complete their acquisition of the new headquarters. This protects the company from being forced to sell the land if they are unable to complete the acquisition.

payment date | payola

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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.
you can ask her if she wants to risk getting sick
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.
11:50
berk td is unlikely so BERK MONDAY :eyes:
hi eggan :)
babycat
11:52
@m10: I’m not going to DC this isn’t going to work out
11:55
hello all
hello info man
@m10: go see her it's worth the risk
11:55
hey wasp
babycat
11:56
hi information man
m10
11:56
Thanks wasp, I will.
11:56
hey babycat
m10
11:56
@babycat: What I am referencing earlier with the balls comment. https://youtu.be/qjRBAhWPT7g?si=MxPwIM12dco_Ad2M&t=3325
BulbasaurNoLikeCardio
11:56
Not worth the risk. Get a girl sick and she will remind you forever. Tell her whats up but do not share germs
m10
11:56
was*
JumpySubsequentDolphin
11:57
wear a mask
JumpySubsequentDolphin
11:57
go back to Covid days
m10
11:58
Nah nah she would not like that. She is conservative.
BulbasaurNoLikeCardio
11:58
Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill
m10
11:59
We will see. This is enough feedback. Thank you all.
12:00
tell her you wanna test and see if your immune systems are compatible, that gets the ladies going
m10
12:00
Lol, maybe
babycat
12:00
lmao when you give the republican baddie the ick by masking up
12:01
LOL
Dkk
12:02
Just part of the culture.
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