👉 In law, a "layship" is a type of contract between two parties where one party (the "lender") lends money to another party (the "borrower"). The lender agrees to repay the loan in installments over a set period, with each installment being equal to the principal amount lent. This arrangement can be used for various purposes such as funding a business venture or providing capital to individuals for personal expenses. Layships are often used by borrowers who do not have access to
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