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Simple English definitions for legal terms

time loan

Read a random definition: in autre droit

A quick definition of time loan:

A time loan is when someone borrows money and agrees to pay it back by a certain date, usually more than a year from when they borrowed it. If they try to pay it back early, they might have to pay extra. It's like borrowing a toy from a friend and promising to give it back on a certain day.

A more thorough explanation:

Definition: A loan with a specified due date, usually of more than one year. Such a loan typically cannot be repaid before maturity without incurring a penalty.

Examples: A person takes out a time loan to buy a house. The loan has a specified due date, usually 15 to 30 years from the date of the loan. The borrower cannot repay the loan before the due date without incurring a penalty.

Explanation: A time loan is a type of loan that has a specific due date, usually of more than one year. The borrower cannot repay the loan before the due date without incurring a penalty. This type of loan is commonly used for large purchases, such as a house or a car. The borrower makes regular payments over the life of the loan until it is paid off in full.

time letter of credit | time note

General

General chat about the legal profession.

General >T14 Off Topic

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babycat

16:00

@shaquilleoatmeal: I’ll stop by just for you. I gotta grind out some of my last essays tn.

shaquilleoatmeal

16:02

@soyalmondoatmilk: im weak af, can't handle that spicy cashew lmao

shaquilleoatmeal

16:03

@babycat: 😘 see you in a bit, grind out those essays before you hop back on

shaquilleoatmeal

16:04

appreciate the non wink since you didn't appreciate it them then lol

babycat

16:06

I'll do it for you ;)

milktoast

16:06

Tough to justify attending a law school where the admissions office does epic resistance political commentary at the info session

BulbasaurNoLikeCardio

16:07

making me feel jealous here wow, I am about to go taste test a bunch of deserts for our baby shower this weekend.

BulbasaurNoLikeCardio

16:07

@milktoast: what school got political at an info session?

shaquilleoatmeal

16:11

nothin to be jealous about, i've been trying to slide into babycats dms but shes got a long line I guess I gotta wait in to see if I can get in lmao

babycat

16:11

omg if you get into ASU they give you travel expense reimbursement to go there for a visit. does anyone know which other schools do this? I'd love to get a comped vacation

shaquilleoatmeal

16:12

think BU gives you $300 or somethin

ClassyPleasantHeron

16:12

Where is ASU getting this kind of $$$ from? They waive CAS fees too.

babycat

16:13

@shaquilleoatmeal: yeah but then you have to go to Boston :(

shaquilleoatmeal

16:14

uva too

shaquilleoatmeal

16:14

whats wrong w boston ;(

jackfrost11770

16:14

GOT PROMOTED YAY how do i tell law schools abt this?

jackfrost11770

16:15

like do i type up and separate doc and send as an attachment? how much do i write?

shaquilleoatmeal

16:15

@jackfrost11770: LFGGGG

jackfrost11770

16:15

TYYYYYY

shaquilleoatmeal

16:16

do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think

1a2b3c4d26z

16:16

Who wanna play some operation metro later on

1a2b3c4d26z

16:16

Congrats jack!

jackfrost11770

16:16

thank you!!

babycat

16:16

@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is

jackfrost11770

16:16

getting a bacon egg and cheese in celebration

1a2b3c4d26z

16:18

lfg baby you earned that

babycat

16:20

also congrats!! big win

initiallaw

16:23

congrats!!

jackfrost11770

16:25

:D

jackfrost11770

16:26

the big W is that i get reimbursed for travel now thank GOD

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