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Simple English definitions for legal terms

financial interest

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A quick definition of financial interest:

A financial interest is when someone wants to make money or gain some kind of financial benefit. It can be a legal claim to something, like owning part of a company or property, or it can be a right to receive money from something like a trust. There are different types of financial interests, like a controlling interest where someone owns more than half of a company and can make important decisions, or a contingent interest where someone can only get money if a certain condition is met.

A more thorough explanation:

Definition: Financial interest refers to any advantage or profit of a financial nature that a person desires. It can also refer to a legal share or right in property.

Examples:

  • A person who invests in a company's stock has a financial interest in the company's success.
  • A landlord has a financial interest in collecting rent from their tenants.
  • A beneficiary of a trust has a financial interest in the assets held in the trust.

These examples illustrate how a person can have a financial interest in various situations. In each case, the person stands to gain financially from the outcome of the situation.

Financial Crimes Enforcement Network | financial intermediary

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22:27
(Assuming prior savings aren't sufficient)
22:28
Plus sublet their apartment near campus for the summer if at all possible, no easy way to fit two rent payments in a tight budget
[] ararara
23:01
Apparently it’s difficult to secure 1L summer work because you’re competing against 2Ls and I was advised to look into getting a position as a research assistant for a law professor instead
@jb2028: yeah, that makes sense.
@ararara: that sounds like absolutely wonderful advice.
My boss got me if I want summer work
[] ararara
7:57
@BankruptcyAndRestructuringLawIsCool: thanks! Have a great week filled with smiling!
CTCSH
10:44
Anyone have anecdotal evidence on which schools average lsats so if you have more than one might as well burn money instead of applying? Nyu and umich seem to be like that and i aint gonna waste my time applying if they do.
CTCSH
10:59
Worried about averages plus them assuming a potential 10+ point increase was accommodations.
KnowledgeableRitzyWasp
13:22
reserved some bacon grease, gonna spread it over a slice of bread with salt and onions. wish me luck
I have a brief due Wednesday and I have zero energy
it's not looking good ;<
womp womp
hru doing
i got in an accident recently and now my legs hurt but im painting my nails soon which is always fun
Who ru suing???
GET THAT MONEY
yeah no like pay my tuition pls an ty <3
i will not be suing anyone just hobbling along until i feel better
When my aunt house got flooded. I told to get a lawyer and sue everyone and try to settle
this was me
hell yeah get that paper
last week i didnt paint my nails in the school colors for all the schools i was waitlisted by and then i got rejected from one of the schools so clearly i should not make that mistake again
thats science after all
KnowledgeableRitzyWasp
14:19
the only real solution is to paint your nails the school colors every day
KnowledgeableRitzyWasp
14:19
a different school each day
hmmm you know that just might work
@ararara: thanks! You too!
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