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Simple English definitions for legal terms

receipt clause

Read a random definition: United Nations Environment Programme

A quick definition of receipt clause:

Receipt Clause: A receipt clause is a part of a legal document that acknowledges the payment made for a property or service. It acts as proof of payment and is usually included to avoid the need for a separate receipt.

A more thorough explanation:

A receipt clause is a part of a legal document, specifically in conveyancing, that serves as proof of payment or consideration given. It is usually included to avoid the need for a separate receipt.

For example, in a property sale agreement, the receipt clause would state that the seller acknowledges receiving the agreed-upon amount from the buyer. This clause is important because it provides evidence that the buyer has fulfilled their obligation to pay for the property, and the seller has received the payment.

Another example is in a loan agreement, where the receipt clause would state that the borrower acknowledges receiving the loan amount from the lender. This clause is important because it serves as proof that the borrower has received the loan and is obligated to repay it.

Overall, the receipt clause is a simple but essential part of legal documents that helps ensure that all parties involved in a transaction have proof of payment or consideration given.

receding market | receiptor

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19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
21:07
okay I’ll check them out
21:40
hey so where do i see my LSAC GPA bc i know they calculate it differently
21:40
sorry new to dis
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