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LSDefine

Simple English definitions for legal terms

time note

Read a random definition: hanging chad

A quick definition of time note:

A time note is a type of promise to pay money at a specific time, not whenever the person who is owed the money wants it. It's like when you promise to pay back your friend the money you borrowed on a certain day, instead of just whenever they ask for it. There are many different types of notes, but they all involve promising to pay back money in some way. Sometimes notes are backed up by things like property or stocks, and sometimes they're just a simple promise.

A more thorough explanation:

A time note is a type of promissory note that is payable only at a specified time and not on demand. This means that the payee cannot demand payment until the specified time has passed. For example, if a borrower takes out a loan and signs a time note for repayment in six months, the lender cannot demand payment before the six months are up.

Other types of promissory notes include demand notes, which are payable whenever the creditor wants to be paid, and installment notes, which are payable at regular intervals.

Examples of time notes include:

  • A loan agreement with a specified repayment date
  • A bond that matures on a specific date
  • A certificate of deposit that cannot be withdrawn before a certain date

These examples illustrate the concept of a time note because they all involve a promise to pay at a specific time in the future, rather than on demand.

time loan | time of memory

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soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
Why? LOL
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