20:38
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LSDefine
Simple English definitions for legal terms
in lieu
Read a random definition: unconditional delivery
A quick definition of in lieu:
Term: in lieu
Definition: In lieu means "instead of" or "in the place of." It's like when you trade something for something else. For example, if you can't pay your mortgage, you might give your house to the bank in lieu of foreclosure. This means you give the house to the bank instead of them taking it away from you.
A more thorough explanation:
in lieu
In lieu means "instead of" or "in place of." For example, if you say "I will give you a gift card in lieu of cash," it means you will give a gift card instead of money.
Another example is a deed in lieu of foreclosure. This means that a homeowner gives their house to the lender instead of going through a foreclosure process.
The term "in lieu" is used to indicate that something is being substituted or replaced by something else. The examples illustrate this by showing how one thing is being offered or given in place of another. In the first example, a gift card is being given instead of cash. In the second example, a deed is being given instead of going through a foreclosure process.