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LSDefine

Simple English definitions for legal terms

rollover

Read a random definition: guest statute

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:

  1. The extension or renewal of a short-term loan or note.
  2. 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

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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.
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