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What does SOL means?

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Wiki User
2006-07-14 08:51:26

It refers to the Statute of Limitations for collection of debt.

States enact their own SOL's pertaining to the type of debt. Open

accounts/contracts such as credit cards usually have a different

SOL than written contracts such as personal loans. Depending on the

context it is used in , it can also mean sh*t out of luck

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