LSDefine

Simple English definitions for legal terms

rollover

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A quick definition of rollover:

Rollover refers to two different financial actions. Firstly, it is the renewal or extension of a short-term loan or note. Secondly, it is the transfer of funds from one investment to another of the same type, often done to delay paying taxes.

A more thorough explanation:

Definition: Rollover refers to two different financial actions:

The extension or renewal of a short-term loan or note.
The transfer of funds, such as IRA funds, to a new investment of the same type, especially to defer payment of taxes.

For example, if a borrower has a short-term loan that is due to be paid back soon, they may choose to rollover the loan by extending the loan term and refinancing the loan. This allows the borrower to continue using the funds without having to pay back the loan in full.

Another example of rollover is when an individual transfers their IRA funds to a new IRA account of the same type. This allows the individual to defer paying taxes on the funds until they withdraw them from the new account.

These examples illustrate how rollover can be used to extend or renew a loan or to defer taxes on investments.

roll of members | rollover mortgage

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

lilypadfrog

14:03

yeah you can request an extension. usually it’s like a week though

PuppyBot

14:03

i need tips for not falling asleep at work

SaddestPortlander

14:03

drugs

PuppyBot

14:03

can we talk about something interesting like i dont know drugs sex death

ReminiscentZestyFish

14:04

Everyone admitted to penn looks like above medians

PuppyBot

14:04

time to harass glove on linkedin

lilypadfrog

14:06

that’s a good way to stay awake. tell him to come back here

PuppyBot

14:08

lily i broke a rubber band already

PuppyBot

14:08

le sigh

lilypadfrog

14:08

damn you get vicious with it. just pinch yourself or something

lilypadfrog

14:09

don’t break your finger

oakenrays

14:13

its a bum-ass law school but LSD really needs to update UCLawSF's name

oakenrays

14:13

whose manager can I call about that

lilypadfrog

14:14

I think the people in charge don’t come on here anymore but you can email them if you really care like that

llama

14:14

yeah true that. Although I prefer Hastings just because it is easy to differentiate from U of SF

renard99

14:14

There's a lot on this site that doesn't work and for maybe $5k I'd be more than willing to fix it

llama

14:14

send bid proposal Renard

renard99

14:14

But as Lilypad said it's probably just maintained atp, no major updates

oakenrays

14:15

fwiw all the UCLSF students I know still basically say hastings. even the huge crest in the foyer still says hastings

renard99

14:15

@llama: Man I'd be more than happy to

llama

14:15

LSD is in decay age of social network

renard99

14:15

^LMAO yeah

renard99

14:15

Basically accepted atp that I'm gonna have to R&R so might as well take up some jobs while I'm at it

llama

14:15

sad. imagine being here in 2005/2010 when it was 100 operational. woe is me

BulbasaurNoLikeCardio

14:16

@llama: back when 160s meant t14

oakenrays

14:16

born too late to experience full LSD born too soon to explore the galaxy

llama

14:16

^ gets it

lilypadfrog

14:16

https://www.lsd.law/users/creep/cryptanon this is one of the guys who made the website

llama

14:16

@lilypadfrog: wow more recent than i would have wagered

llama

14:17

how is it so that I creep a rando and their app year is 2005-2005?

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