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LSDefine

Simple English definitions for legal terms

support obligation

Read a random definition: Sweeping Clause

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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JumpySubsequentDolphin
16:10
@texaslawhopefully: THEY SEND THEM TO YOU EVEN AFTER YOU GOT ACCEPTED???
I've been getting them literally every other day for months now
JumpySubsequentDolphin
16:11
that’s absurd
16:18
does having a masters degree help with getting into law school
16:19
i rly want to get into northwestern or uchicago but im worried about my stats
LSDFan
16:20
you'll get in, calm tf down
16:20
damn
16:21
bro was just asking a question
U have great stats! I wouldn't be too nervous. Did u write why Northwestern and why Chicago?
oh cornells going wl crazy
16:22
having a masters degree is probably a positive, it shows you can do grad level coursework and probably generated a strong rec letter
@RightPlant: you have a great chance at Northwestern!
Chicago, also not a bad chance, but it is more of a crapshoot
Esp since they care more about GPA than LSAT
Would gulc be later tn? I submitted mine mid Oct so don’t think they will get back to me yet
Anyone think au will get back to us tomo?
16:26
I have no clue, I would think it would be later tn based on past waves
radio silence from cornell hey no news is good news ....
gulc was friday last week but i think it was cause of holiday
16:29
genuinely if its not today I WILL crashout.
Dkk
16:29
@jackfrost11770: Cornell had the WL wave!
oh radio silence on my end
16:32
UR2 at UVA
16:32
not really what i wanted given i have a new LSAT score coming but thems the breaks
Dkk
16:33
@jackfrost11770: Man, I watched a video summarizing the stuff I missed in Arcane. You know, all the boring mel and ambessa stuff and that shit is actually incredibly important to the lore. That stuff is all LeBlanc shit and LeBlanc is like one of the most powerful characters in league.
Dkk
16:33
At least, lore wise. It will get interesting.
if ive been at UR 2 or 3 for UVA am i cooked
also is there ucla wave tongith or is that late reporters?
TypicalTeapot
16:37
DEAN ANDY PLEAAAAAASE
recentboo
16:43
leblanc and vlad coming in last arc
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