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LSDefine

Simple English definitions for legal terms

banker's acceptance

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A quick definition of banker's acceptance:

Banker's acceptance is a type of financial document that is issued by a commercial bank. It is a promise made by the bank to pay a certain amount of money at a future date. This document is often used in international trade to finance the sale of goods. It is a way for the seller to ensure that they will receive payment for their goods, and for the buyer to have a guarantee that the goods will be delivered. Banker's acceptance is a legal and binding agreement between the bank and the parties involved in the transaction.

A more thorough explanation:

A banker's acceptance is a type of negotiable instrument that is drawn on and accepted by a commercial bank. It is often used to finance international trade transactions.

For example, if a company in the United States wants to buy goods from a company in China, they may use a banker's acceptance to facilitate the transaction. The U.S. company would ask their bank to issue a banker's acceptance, which the Chinese company would then accept. The bank would then guarantee payment to the Chinese company at a later date.

Banker's acceptances are considered to be very safe investments because they are backed by the creditworthiness of the bank that issued them. They are often used by investors as a way to earn a low-risk return on their money.

bank bill | banker's note

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Tell us what's important to you
15:09
i dont really know how important it is to be median vs 75th of transfer gpa but id imagine keeping a B+/A- average is pretty hard in 1L and easier said than done
15:58
my bitches shaking ass with they hand out
NosyBeagle
16:49
did someone say shaking ass
16:55
im crashing out
im locking in
I'm locking [my daughter] in [the basement]
18:17
Im in the [spread] sheets locked [tf] in
what do you guys think about nova southeastern is it a decent school
AngryMiniCar
10:09
I saw someone got a full-ride in exchange for deferring. I didn't even know that was a thing? Has it happened to anyone else?
AngryMiniCar
10:12
@GatorNation: I don't know that school all that well. But it's ranked really low and usually rankings don't matter much if you're just trying to practice. But I'd be careful and look on reddit. Cause some of these schools can be highkey predatory.
AngryMiniCar
10:15
Like some schools have a conditional scholarship that they take away from you at the drop of a hat and no faculty support in 1L so a lot of people get fucked. I know someone who got screwed by Western New England. Not saying that it is just that I wouldn't think of making it my go-to without digging into it.
10:23
Ok thank you!
10:35
check the 509 report, should show bar passage rate, employment data, and percent of students that retained their scholarship after 1L
lolla after show tickets used to be $20 and now they're fucking $70
I HATE U MUSIC INDUSTRY I HATE U LIVENATION
@GatorNation: are you trying to stay/go to florida for school?
Mostlylegal
11:43
im retiring from lsd yall,
Mostlylegal
11:43
thank you all for the laughs
Mostlylegal
11:44
let this be my formal termination notice
oh no
Mostly where are you going
hey alexa play you'll be black from hamilton
**back
NosyBeagle
12:13
hamilton but he frees the slaves and has to figure out what their racial demographics are for the census
12:17
has anybody compiled the transfer median gpas for law schools anywhere
12:18
instead of having to check each schools 509
12:24
@c0bra1: not that I've seen
12:24
lame
12:24
I think the transfer reddit had a spreadsheet at one point but it's a few years old
@NosyBeagle: I almost fell out of my chair
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