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LSDefine

Simple English definitions for legal terms

variable rate

Read a random definition: community property with right of survivorship

A quick definition of variable rate:

Variable rate: A variable rate is a type of interest rate that can change over time. This means that the amount of interest you pay on a loan or earn on an investment can go up or down depending on certain factors. For example, if the economy is doing well, interest rates may go up, and if the economy is struggling, interest rates may go down. It's important to understand the terms of a variable rate loan or investment so you can plan accordingly and be prepared for any changes in the interest rate.

A more thorough explanation:

VARIABLE RATE

A variable rate is an interest rate that can change over time. It is not fixed and can go up or down depending on various factors.

One example of a variable rate is a credit card with a variable interest rate. The interest rate on the credit card can change based on the prime rate or other factors. Another example is a variable rate mortgage, where the interest rate can change based on market conditions.

For instance, if the prime rate goes up, the interest rate on a credit card with a variable rate may also go up. Similarly, if the market interest rates go down, the interest rate on a variable rate mortgage may also go down.

Overall, a variable rate can be beneficial if interest rates are low, but it can also be risky if interest rates rise significantly.

variable cost | variable-rate mortgage

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my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
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