Examlex
A deferment on a college loan means that it need not be paid off at all.
Student Loan
A type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books, and living expenses.
Quasi-Contract
An obligation imposed by law to prevent unjust enrichment, even though no actual contract exists between the parties involved.
Necessaries
Goods and services deemed essential for an individual's subsistence and welfare, especially in the context of legal responsibility and contracts.
Incapacity
The inability to comprehend or manage one's own affairs due to mental deficiency or a similar condition.
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