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LSDefine

Simple English definitions for legal terms

reserve

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A quick definition of reserve:

Reserve: When you give something to someone else, but you still want to keep a part of it for yourself, that's called reserving. For example, if you sell a piece of land to someone, but you want to keep a small part of it for yourself, you can reserve that part. Reserve can also mean setting aside something for later use, like money that a bank or insurance company saves to pay for things in the future.

A more thorough explanation:

Reserve means to keep a right or a part of a property for oneself while transferring the rest to someone else.

It can also refer to something that is kept aside for future use, like a fund of money that a bank or an insurance company sets aside to cover future expenses.

Example 1: When selling a piece of land, the owner may reserve the right to use a small portion of it for personal use, like a garden or a driveway.

Example 2: A bank may have a reserve fund to cover unexpected losses or expenses.

Example 3: An insurance company may have a reserve fund to cover future claims from policyholders.

These examples illustrate how reserve can refer to both a legal right to keep a portion of a property and a financial practice of setting aside funds for future use.

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1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
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