Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

sharp

Read a random definition: full hearing

A quick definition of sharp:

Term: SHARP

Definition: When someone borrows money, they sign a paper that says if they don't pay the money back, the person who lent them the money can take action right away without having to go to court. This is called a "sharp" clause.

A more thorough explanation:

Definition: Sharp is an adjective used to describe a clause in a mortgage or deed that gives the creditor the power to take quick and decisive action if the debtor fails to meet their obligations.

  • "The mortgage agreement included a sharp clause that allowed the bank to foreclose on the property if the borrower missed three consecutive payments."
  • "The deed to the land had a sharp provision that allowed the seller to reclaim the property if the buyer failed to make the agreed-upon payments."

These examples illustrate how a sharp clause can give the creditor significant power over the debtor. In both cases, the creditor has the ability to take action quickly and without further notice if the debtor fails to meet their obligations. This can be a powerful tool for creditors to protect their interests and ensure that they are repaid in a timely manner.

shark repellent | Shelley's Case, Rule in

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
JumpySubsequentDolphin
12:30
@ImpartialLion: gonna take the hlsmsa by storm (& probably be unable to walk alone on campus)
glove
12:30
tex im sorry brotha u were more than qualified the 23 year old adcomm who read ur app is prob a dipshit mcspazzatron
shaquilleoatmeal
12:30
@texaslawhopefully: someones salty they didnt even get an interview. Has nothin to do with your personality, id take a guess its just inexperience since youre so young
snow
12:30
when do yall think UVA will start sending II again?
glove
12:31
u def deserved the a, god protecting u from something bad in cambridge
texaslawhopefully
12:31
Yeah you're prolly right shaq. I'm guessing this is a sign I should get work experience and reapply
GreyCeaselessMammoth
12:31
thats the real q snow, they've been too quiet
choosingpeace
12:32
hls r yayyyyy
choosingpeace
12:32
so grateful for this opportunity :)
@texaslawhopefully: yeah 90% sure they're just afraid to take someone so young, a year of WE would make a solid difference. also apply HYSC because you are competitive for all of them
or you could come to cornell with me :)
12:33
everyone who got hls r is cool and sexy and going to a way better school
shaquilleoatmeal
12:33
see how the rest of your cycle plays out but law schools always there brotha, life experience isnt. If you decide to reapply give yourself 2 years to get some real life/work experience. You really want to show adcoms you grew from the last time you applied and i feel like thats truly hard to show in 1 year
glove
12:33
my meaningless opinion is tex still gonna get a fat t14/t6 bag
texaslawhopefully
12:34
@KnowledgeableRitzyWasp: Yeah, that makes sense. I did apply to all of HYSC this cycle. Chicago is my second choice
texaslawhopefully
12:34
I know it's stupid, but I wanted that lay prestige. HLS was the only way my dad would ever be proud of me
12:35
today is a blood bath dang
Where do you see Harvard R?
Is it a email or in portal
triplethread
12:35
texas ):
JumpySubsequentDolphin
12:36
@texaslawhopefully: you have so much to be proud of regardless of who does or doesn’t recognize that :(
ImpartialLion
12:36
@texaslawhopefully: that's incredibly sad and i understand what it's like to have less than optimal parents. But try to focus on outcomes. Sure, your parents might scoff at xyz law. but if you're happy with it and you create a fulfilling life then there's nothing else you can do
shaquilleoatmeal
12:36
tex if youre dad wont be proud of you then be proud for yourself. Its your life after all
@texaslawhopefully: i feel you man, i have tiger parents too, they mellowed out as i got older, hoping yours do too. you are something special
texaslawhopefully
12:38
thank you so much everyone :). I truly appreciate it
glove
12:39
im gonna water the office plant with a lil cosmic vibe celsius
glove
12:39
get that mf growing
Sorry guys, how did you get notified of Harvard result? I interviewed but didn’t get the call
snow
12:41
check your portal
I’m on my mobile and don’t see any changes to it
LSD+ is ad-free, with DMs, discounts, case briefs & more.