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LSDefine

Simple English definitions for legal terms

support obligation

Read a random definition: check

A quick definition of support obligation:

Support Obligation: A promise to help pay for something or make sure it gets done. It's like having a backup plan to make sure that a bill or important task is taken care of. This type of obligation can be used for things like medical bills, investments, or other important financial transactions.

A more thorough explanation:

A support obligation is a type of secondary obligation or letter-of-credit right that helps ensure the payment or performance of certain types of financial assets. These assets can include:

For example, let's say a company wants to purchase some equipment from another company. The seller may require a support obligation from the buyer's bank to ensure that the buyer will make the necessary payments on time. This support obligation would act as a guarantee that the seller will receive the money they are owed.

Another example could be a healthcare provider who has a support obligation from an insurance company. This support obligation would ensure that the insurance company will pay for any medical services provided to their policyholders.

Overall, support obligations are a way to provide additional security and assurance when dealing with financial transactions and assets.

support deed | support order

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cheriebomb
1:15
Was she a natural ginger or a fake ginger? You can’t always tell
Dkk
1:15
@CynicalOops: I go white people cus I am white. Hispanics cus I am hispanic. Black women, Asian women. Sub races Idk.
Dkk
1:15
@cheriebomb: Fake. Her natural hair color was blond.
cheriebomb
1:16
A fake ginger bitch will ruin your life <3
CynicalOops
1:16
I met a ginger and i thought she was a real one and then she was fake and it shattered my world
CynicalOops
1:16
Then she moved to london
Dkk
1:16
Uhhh she kinda just ruined hers by trying to cheat on me and then some guy raped her lol.
CynicalOops
1:16
Shattered x2
Dkk
1:17
@cheriebomb: maybe though. Maybe that is true but you shouldn't be saying that to people if you want them to date you.
cheriebomb
1:17
Why are women always moving to London? There’s nothing good there
cheriebomb
1:17
I’m just being transparent
cheriebomb
1:17
The heart indicates that it’s a good thing
Dkk
1:18
Okay sounds good. Yeah my cousin moved to London. Nothing there for him after 6 years and he moved back to New York.
Dkk
1:19
Great to visit, not great to stay imo.
cheriebomb
1:19
London sucks and cyncial’s fake ginger is probably regretting it right now
cheriebomb
1:19
So dark and rainy and I hate the way they talk
cheriebomb
1:19
And their sense of humor
CynicalOops
1:19
Shes was from london so im not sure
CynicalOops
1:21
Dkk i do appreciate your transparency i really understand you better
Dkk
1:21
Europe seems off to me in general. I met a lot of weird europeans in Crypto.
cheriebomb
1:21
Oh maybe not then. But that’s your fault for dating a girl from London in the first place
Dkk
1:21
@CynicalOops: lol maybe maybe
cheriebomb
1:23
I always understood Dk like we developed in the womb together so this is not new to me
Dkk
1:28
Mhhh maybe
Dkk
1:29
Do I understand you?
CynicalOops
1:46
Si señor yo entiendo
Dkk
2:07
Bueno lol
Dkk
2:07
Jajajaja
CynicalOops
2:08
Latina milfs are on high alert tonight
Dkk
2:51
As they should be. Nah I aint doing shit till January. Holidays I never go out drinking and eating. Gotta take advantage of the fact you can get 5.5 lbs of mussels for $20 at costco rn.
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