Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

lock rate

Read a random definition: lex Silia

A quick definition of lock rate:

Lock rate: This means the interest rate on a loan is fixed and will not change during a certain period of time. It is like putting a lock on the rate so it cannot move up or down.

A more thorough explanation:

Definition: Lock rate refers to the interest rate that a borrower agrees to pay on a loan, which is fixed for a specific period of time. This means that the interest rate will not change during the lock period, even if market rates fluctuate.

Example: John is buying a house and has been offered a mortgage loan with an interest rate of 4%. However, he is worried that the interest rates may increase in the future, which would make his monthly payments higher. To avoid this risk, John decides to lock in the interest rate at 4% for a period of 60 days. This means that even if the interest rates increase during this period, John will still pay only 4% interest on his mortgage loan.

Explanation: Locking in a rate provides borrowers with a sense of security and stability, as they know exactly how much they will be paying each month. This is particularly important for those who are on a tight budget or have limited financial resources. By locking in a rate, borrowers can avoid the risk of rising interest rates, which could make their loan payments unaffordable.

lockout | lockup

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
9:40
There’s no intuitive way to do this. The only way I can find is by going to each individual school, scrolling to the part that shows you all applicants for that year, and clicking on the GPA button until it filters them for the blank ones first. I’ve found by clicking on profiles that the ones with an LSAT listed and no GPA are almost universally international
10:38
You think adcomms stalk this website
10:41
any one of you could be one in disguise
11:19
I have a confession.
11:20
I am not a llama, and I am an adcommie @ The University of American Samoa Law (go LandCrabies)
12:01
I need a law school ranking based on which have reverse weave champion hoodies with the law school logo
I'm really sad it came to this.. but what are some law schools that will accept people with misconduct and irregularity of faking a transcript from lsac
I guess or from doing crimes too for that matter
yo how to delete messages
MrThickRopes
15:24
We walk in da graduation to day
MrThickRopes
15:25
That’s a lie we walk in it yesterday
MrThickRopes
15:26
Or maybe we walk in da graduation tomorrow
yeaaahhh
MrThickRopes
15:28
Yeah
MrThickRopes
15:28
Uhh
MrThickRopes
15:28
Yeah
MrThickRopes
15:28
Put dat beat on
MrThickRopes
20:27
I said PUT DA BEAT ON
20:31
mustard on da beat ho
22:14
im a slut for horse butt, #8 makes me feel great, horween makes my whore scream
22:20
catch me with this when I make partner
22:22
😍
22:24
Worth it
MrThickRopes
22:24
Uhhh
MrThickRopes
22:24
Yeaaah
MrThickRopes
22:25
Wake up in the morning gotta take a shit hop up in my lambo gotta take a shit headin to da club and i gotta take a shit poppin da champagne but i ruined it with shit
22:27
Woke up in the morning gotta thank god i dunno but today seems kinda odd no barking from the dog no smog mama cooked a breakfast with no hog i got my grub on but didn’t pig out finally got a call from a girl i wanna dig out
LSD+ is ad-free, with DMs, discounts, case briefs & more.