I feel like I'm in a constant state of 'motion to compel' more sleep.

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Legal Definitions - short-term loan

LSDefine

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Definition of short-term loan

A short-term loan is a type of loan that is meant to be paid back within a short period of time, usually within a year or less. These loans are often used to cover unexpected expenses or to bridge a gap in cash flow.

  • A business takes out a short-term loan to cover the cost of inventory for the holiday season.
  • An individual takes out a short-term loan to pay for car repairs.

These examples illustrate how short-term loans can be used to cover unexpected expenses or to bridge a gap in cash flow. They are meant to be paid back quickly, so they are often used for smaller amounts of money.

Justice is truth in action.

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Simple Definition

A short-term loan is when someone borrows money for a short period of time, usually a few weeks or months. This type of loan is often used for emergencies or unexpected expenses. The borrower must pay back the loan with interest within the agreed-upon timeframe.

A 'reasonable person' is a legal fiction I'm pretty sure I've never met.

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A good lawyer knows the law; a great lawyer knows the judge.

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