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Simple English definitions for legal terms

building and loan

Read a random definition: ground-law

A quick definition of building and loan:

Building and loan is another name for a savings and loan association. These institutions were created to help people save money for a down payment on a house and then provide them with a loan to build it.

A more thorough explanation:

Definition: Building and loan is another term for savings and loan association. These institutions were originally created to provide loans for building a house after the depositor had saved enough for a down payment.

Example: John wants to buy a house but doesn't have enough money for a down payment. He decides to open an account at a building and loan association and starts saving money every month. After a few years, he has saved enough for a down payment and is able to get a loan to buy his dream home.

Explanation: The example illustrates how building and loan associations work. They encourage people to save money by offering them a safe place to deposit their funds. Once the depositor has saved enough money for a down payment, they can apply for a loan to buy a house. This system helps people achieve their dream of homeownership while also promoting savings.

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General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

FadedCleverOctopus

17:33

I appreciate ya

esoterica

18:34

u guys know who’s really easy to shit on? cops

esoterica

18:34

they’re not even in it for the free college

AngryMiniCar

19:25

yk who's easier to shit on? Donald and Musk

AngryMiniCar

19:25

They're divorcing rn

NemoPropheta

20:09

wow you guys really argued hard against that brick wall

NemoPropheta

20:11

Im sure many Nazis also joined for the money and stability, but you know as long as you’re “just following orders” yeah its the systems problem sure you’re totally absolved of perpetuating such a system

esoterica

20:42

dude didn’t u say u were working for a defense contractor or something?

ParallelAgreeableOrangutan

20:43

I think I'm mostly aligned with you/your views on this issue, nemo, but I don't see how being mean in a chat is going to change hearts and minds idk

esoterica

20:44

I think there’s a place to acknowledge both that the military is an institution that preys on low income people and you should never have to see ur best friend die in front of you while also believing that we’ve engaged in a lot of meaningless wars and if you’ve participated you are complicit

esoterica

20:45

We’ve lost a lot of humanity and depth in the way we approach subjects like this in the modern discourse

ParallelAgreeableOrangutan

20:45

^^

AngryMiniCar

21:09

^^ I also second that (third actually)

NemoPropheta

21:17

my experience working with a defense contractor is exactly the reason I hold this opinion

NemoPropheta

21:18

I literally worked across the room from a team working on AI targeting software for drone strikes

NemoPropheta

21:20

and by AI targeting software I mean AI that identifies “high value” targets

NemoPropheta

21:20

aka school buses full of children or hospitals

OlDirtyBtard

22:07

death star operator calls stormtroopers baby killers

OlDirtyBtard

22:07

wild

esoterica

22:14

yeah I mean if you wanna call veterans Nazis surely you’re on a pretty equivalent standing here

esoterica

22:15

do you think it would be accurate or truthful if someone were to describe you that way?

OlDirtyBtard

22:27

i think he's worse actually. vets can be anything from infantry (probably kill one or two guys max) to support staff (kill nobody). if you make industrial weapons you are facilitating higher levels of violence

NemoPropheta

22:35

Fair, though I can step back and recognize my naivety and come to the conclusions I have. Rather than arguing that any attack against me in unjustified

NemoPropheta

22:36

But tbf I did get fired for being too politically outspoken

OlDirtyBtard

22:39

i mean honestly forget about attacking anyone. i think if you really care about these issues it's best to look at it from a systemic lens rather than spewing bile

OlDirtyBtard

22:41

also fwiw some of the biggest anti-war advocates are veterans. see the "winter soldier" protest movement during the Vietnam war

FadedCleverOctopus

23:09

I wasnt infantry but every marine is a riffleman. I also didnt join for the financial need. I ended up leaving s footprint int he service by making policy to help service members with their immigration status/family member status for the DoD. Call it whatever you want but those are the meaningful things and experience I bring with me to Law School.

FadedCleverOctopus

23:13

a* the* sorry lol

ParallelAgreeableOrangutan

23:59

Sounds like you'll have plenty with which to dazzle admissions committees. Also sounds like nobody in here is a vet lol. Maybe try r/lawschooladmissions?

ParallelAgreeableOrangutan

0:03

Or possibly even reach out to admissions offices at schools you're interested in. Often they have current students who serve as admissions ambassadors, and you can ask to be put in touch with someone who fits a specific profile (e.g., a veteran). Doesn't hurt to try, and showing early interest in a school is never a bad idea anyway (supposedly they keep track of contact with applicants/prospective students)

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