16:38
Remember, all people who go to law school having to do LSAT prep is also about social engineering lol Like you should have some shared basis in how you think/talkk, hence "lawyer talk," but how do they choose which ones to release for everyone to do, from a content perspective? Is it a coincidence we get many climate change content questions? LOL So what i am getting at is that is sometimes VERY subjective lol So dont beat yourself up TOO bad on arts in RC, but obvs work on it.
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LSDefine
Simple English definitions for legal terms
banker's note
Read a random definition: Retaining lien
A quick definition of banker's note:
A banker's note is a type of note that is used by banks. It is similar to a regular note, but it is issued by a bank and can be used as a form of payment.
A more thorough explanation:
A banker's note is a type of promissory note issued by a bank. It is a written promise to pay a specific amount of money to the bearer or a designated person on a specific date or on demand.
For example, if a business needs to borrow money from a bank, the bank may issue a banker's note to the business. The note will state the amount of money borrowed, the interest rate, and the repayment terms. The business will then be responsible for repaying the loan according to the terms of the note.
Another example is when a person deposits money into a bank account. The bank may issue a banker's note to the depositor as proof of the deposit. The note will state the amount of money deposited and the account number.
Banker's notes are commonly used in financial transactions and are considered a secure form of payment. They are often used in international trade to facilitate the exchange of goods and services between countries.