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Simple English definitions for legal terms

non-purchase-money

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A quick definition of non-purchase-money:

Non-purchase-money refers to a type of loan that is not secured by property obtained through the loan. This means that the loan is not used to purchase the property that is being used as collateral. For example, a non-purchase-money mortgage is a loan that is secured by a property that was not purchased with the loan funds.

A more thorough explanation:

Definition: Non-purchase-money is an adjective used to describe an obligation that is not secured by property obtained through a loan. It is the opposite of a purchase-money mortgage.

Example: A homeowner takes out a home equity loan to pay for a vacation. This loan is considered a non-purchase-money obligation because it is not secured by the property obtained through the loan.

Explanation: The example illustrates the definition of non-purchase-money by showing that the loan is not used to purchase the property that secures the loan. In this case, the loan is used for a vacation, not for buying a home. Therefore, it is not a purchase-money mortgage.

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General chat about the legal profession.

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Mostlylegal

11:43

thank you all for the laughs

Mostlylegal

11:44

let this be my formal termination notice

JupitersMoons

11:54

oh no

JupitersMoons

11:54

Mostly where are you going

windyMagician

12:10

hey alexa play you'll be black from hamilton

windyMagician

12:10

**back

NosyBeagle

12:13

hamilton but he frees the slaves and has to figure out what their racial demographics are for the census

c0bra1

12:17

has anybody compiled the transfer median gpas for law schools anywhere

c0bra1

12:18

instead of having to check each schools 509

BruceSutter

12:24

@c0bra1: not that I've seen

c0bra1

12:24

lame

BruceSutter

12:24

I think the transfer reddit had a spreadsheet at one point but it's a few years old

windyMagician

12:53

@NosyBeagle: I almost fell out of my chair

globalcitizen

13:46

Anyone read annihilation

NosyBeagle

14:40

@windyMagician: I'll be here all week

bigfatsloth

15:02

yo

bigfatsloth

15:02

i was training this new girl & she quit on second day

bigfatsloth

15:03

goin on 6 mo no word from notre dame

JupitersMoons

16:01

whenever someone has the free will to create a protein bar with a texture/appearance unlike an actual log of shit, pls someone send it to me

AngryMiniCar

16:51

any chance I'll improve RC just by hard drilling with no review? I honestly think I just have a reading problem atp

AngryMiniCar

16:51

Not even that I don't know how to answer questions. I think I'm simply not well read

JupitersMoons

16:56

@AngryMiniCar: they say the biggest thing for improving RC over time is just... reading. so yeah! go pick up some books. grab a harder one

PremiumFrequentCrane

19:32

@AngryMiniCar: doont worry, 99.9% are uncultured swine

Bettercaulsaul

20:07

The gym is the only reason I’ve been calm waiting for admissions updates

NemoPropheta

20:49

endorphins go brrrrr

NemoPropheta

20:55

take so,e

NemoPropheta

20:55

bruh

NemoPropheta

20:55

take some tylenol and black pepper before working out to really get that euphoria

Bettercaulsaul

23:25

I’m going to try that & hit a new PR

llama

0:13

@c0bra1: working on one,should be complete tmrw

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