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Simple English definitions for legal terms

time-price differential

Read a random definition: fortuitous event

A quick definition of time-price differential:

Time-price differential: The difference between the price of something if you pay for it right away with cash, versus if you pay for it later or in installments. It's like when you buy something with your allowance right away and it costs less than if you ask your parents to buy it for you and pay them back later with interest.

A more thorough explanation:

Definition: Time-price differential refers to the difference between the current cash price of an item and the total cost of purchasing it on credit. It can also refer to the difference between a seller's price for immediate cash payment and a different price when payment is made later or in installments.

Let's say you want to buy a new laptop that costs $1,000. You have two options: pay for it in cash or finance it with a credit card. If you pay for it in cash, you'll pay the full $1,000 upfront. However, if you finance it with a credit card, you'll end up paying more than $1,000 due to interest charges. The difference between the cash price and the total cost of financing is the time-price differential.

Another example is when you're buying a car. The dealer may offer you a lower price if you pay for the car in cash upfront. However, if you choose to finance the car, the dealer may charge you a higher price due to interest charges. Again, the difference between the cash price and the financed price is the time-price differential.

These examples illustrate how the time-price differential can affect the total cost of purchasing an item. It's important to consider the time-price differential when deciding whether to pay for an item in cash or finance it with credit.

time policy | time-price doctrine

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shaquilleoatmeal
15:58
i dont know how much i trust salmon from quick take out spots so i've never tried it there. Harvest bowl is OG and always good for when you need a quick decision
soyalmondoatmilk
15:59
that's so fair. i love their roasted sweet potatoes and spicy cashew dressing--highly recommend
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 ;)
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 ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
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!
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
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!!
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