Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

credit instrument

Read a random definition: de praesenti

A quick definition of credit instrument:

A credit instrument is a piece of paper that shows someone owes money to someone else. It can be a note, a bond, a loan, a check, or an invoice. People, companies, and governments use credit instruments to keep track of who owes them money and how much they owe.

A more thorough explanation:

Credit instrument

A credit instrument is a written document that shows someone owes money to another person or organization. Examples of credit instruments include bonds, loans, checks, and invoices. They are used by governments, companies, and individuals to borrow money or to show that someone owes them money.

  • A company issues bonds to raise money from investors. The bond is a credit instrument that promises to pay back the money with interest.
  • An individual takes out a loan from a bank to buy a car. The loan agreement is a credit instrument that outlines the terms of the loan, including the interest rate and repayment schedule.
  • A business sends an invoice to a customer for goods or services provided. The invoice is a credit instrument that shows the amount owed and the payment terms.

These examples illustrate how credit instruments are used to document and manage debt. They provide a way for borrowers and lenders to formalize their agreements and ensure that everyone understands the terms of the transaction.

credit file | credit insurance

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
14:19
I wrote Raytheon instead of RTX since its more recognizable
14:19
[deleted by starfishies]
14:20
@bonelesscannoli: swagalicious i will add the inc.
14:20
[deleted by starfishies]
@c0bra1: U work in retail?
14:21
im assuming he was an intern
14:24
@bonelesscannoli: no i interned also i hate this 15 message limit
14:25
howd you manage the internship? theyre super competitive
@c0bra1: I gotcha
14:31
@NemoPropheta: mine was on a chill team so i had a good time, but apple works like a bunch of little companies that report to the same ppl so its a little isolating if you're not in the same office/don't go out much. i didn't take RO to intern again
14:32
i applied cold and happened to team match well from something i did on a prior internship
@Sex-Drive: we have entirely different living standards if you think 60k is "hardly anything to live off of:"
i make around that in a hcol area and feel like im balling out while saving over 20% of my income
@Sex-Drive: Seconding what Windy's saying. I live in a LCOL and I'm fully able to support myself and my family on my paycheck alone. $60k in a HCOL while single was living check to check.
14:55
[deleted by starfishies]
not to be a boomer but i think people need to realize that you are supposed to be broke in your early 20s
oh no its dk again
What did they even post?
probably calling me an anti-hispanic slur
if I want to transfer to nyu is it better to go to washu or cardozo
(also why does nyu accept so many transfers from brooklyn lmao, what other t125 will let you transfer that high)
15:07
transferring is grades dependent so "better" is a little weird to define - a lot of ppl don't want to give up schollys/networks for ranking purposes. that being said im going to dozo and hoping for a nyu transfer lol
15:08
i think they take a lot from brooklyn just by the nature of being a nyc school. 3 out of 15 transfers out of cardozo went to nyu last year which is technically a good sign but you'd consider that the rate of ppl at washu wanting to move to nyc and pay sticker after a year is probably lower than the rate of ppl at nyc schools who want to
15:09
i dont really know how important it is to be median vs 75th of transfer gpa but id imagine keeping a B+/A- average is pretty hard in 1L and easier said than done
15:58
my bitches shaking ass with they hand out
NosyBeagle
16:49
did someone say shaking ass
16:55
im crashing out
im locking in
I'm locking [my daughter] in [the basement]
18:17
Im in the [spread] sheets locked [tf] in
LSD+ is ad-free, with DMs, discounts, case briefs & more.