Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

poundage fee

Read a random definition: legal relation

A quick definition of poundage fee:

A poundage fee is a type of commission paid to a sheriff for collecting money through legal means, like when someone owes money and a court orders the sheriff to collect it. The fee is a percentage of the amount collected and is meant to compensate the sheriff for their work.

A more thorough explanation:

Definition: A poundage fee is a commission paid to a sheriff for recovering money through legal means, such as an execution or attachment. The fee is usually a percentage of the amount recovered.

Example: If a sheriff is tasked with collecting a debt of $10,000 through an execution, and the poundage fee is 5%, the sheriff would receive $500 as commission for successfully recovering the money.

Explanation: Poundage fees are a way for sheriffs to be compensated for their efforts in recovering money through legal means. The fee is usually a percentage of the amount recovered, which incentivizes the sheriff to work harder to collect as much money as possible. In the example given, the sheriff would receive $500 as commission for successfully recovering the $10,000 debt, which is 5% of the total amount.

pound | pound-breach

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
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.