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Dont quite understand SOL


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Ive read the laws about the SOL but what exactly IS it? Ive browsed through here and maybe to my own doofiness, missed it. But I dont understand entirely what it is, what an open ended account is, a promisory account, all that stuff. Could someone explain SOL and what the contracts mean, as if youre explaining it to a five year old? LOL----Nevermmind! I found something the second I posted this and I dont know how to delete it LOL thanks!

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