19:12
My crypto also flows in 5 day epochs too.
Warning
Info
LSDefine
Simple English definitions for legal terms
tacit
Read a random definition: pendent jurisdiction
A quick definition of tacit:
Term: TACIT
Definition: Tacit means something that is not said out loud, but is understood without words. It can also refer to something that is created by law without being explicitly stated. For example, if you borrow money to buy a house, the house itself can be considered a tacit mortgage, even if it's not specifically mentioned in the loan agreement.
Example: Even though they didn't discuss it, there was a tacit agreement between the two friends that they would split the cost of the meal.
A more thorough explanation:
Definition: Tacit (tas-it) means something that is implied but not actually expressed. It can be understood through silence or silent agreement. It can also refer to something that is created by law without being explicitly stated.
Examples:
- When Sarah asked her boss if she could leave work early, he didn't say yes, but he didn't say no either. His silence was a tacit agreement that she could go.
- In Louisiana, a tacit mortgage is a type of mortgage that is created by law without the need for a written agreement.
The first example illustrates how tacit can be understood through silence. Sarah's boss didn't explicitly say she could leave early, but his lack of objection implied that it was okay. The second example shows how tacit can refer to something that is created by law without being explicitly stated. In Louisiana, a tacit mortgage is created automatically by law, even if there is no written agreement between the parties.