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LSDefine

Simple English definitions for legal terms

electronic currency

Read a random definition: public session

A quick definition of electronic currency:

An electronic currency is a type of money that exists only in digital form. It is stored on a computer or a computer chip and can be transferred over the internet. It is also known as e-money or digital cash. Unlike paper currency, it is not backed by gold or silver. It is legal tender for the payment of debts and can be easily converted to cash.

A more thorough explanation:

Electronic currency, also known as e-money, is a type of money that exists only in digital form. It is transformed into information stored on a computer or computer chip so that it can be transferred over information systems such as the Internet.

Examples of electronic currency include Bitcoin, PayPal, and Apple Pay. These forms of payment allow individuals to make purchases and transfer funds without the need for physical cash or checks.

For example, if someone wants to buy a product online using PayPal, they can transfer the necessary funds from their PayPal account to the seller's account electronically. This eliminates the need for physical cash or checks to be exchanged.

Overall, electronic currency provides a convenient and efficient way to make transactions in today's digital age.

electronic funds transfer | Electronic Signatures in Global and National Commerce Act

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11:19
I have a confession.
11:20
I am not a llama, and I am an adcommie @ The University of American Samoa Law (go LandCrabies)
12:01
I need a law school ranking based on which have reverse weave champion hoodies with the law school logo
I'm really sad it came to this.. but what are some law schools that will accept people with misconduct and irregularity of faking a transcript from lsac
I guess or from doing crimes too for that matter
yo how to delete messages
MrThickRopes
15:24
We walk in da graduation to day
MrThickRopes
15:25
That’s a lie we walk in it yesterday
MrThickRopes
15:26
Or maybe we walk in da graduation tomorrow
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Uhh
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Yeah
MrThickRopes
15:28
Put dat beat on
MrThickRopes
20:27
I said PUT DA BEAT ON
20:31
mustard on da beat ho
22:14
im a slut for horse butt, #8 makes me feel great, horween makes my whore scream
22:20
catch me with this when I make partner
22:22
😍
22:24
Worth it
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22:24
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22:24
Yeaaah
MrThickRopes
22:25
Wake up in the morning gotta take a shit hop up in my lambo gotta take a shit headin to da club and i gotta take a shit poppin da champagne but i ruined it with shit
22:27
Woke up in the morning gotta thank god i dunno but today seems kinda odd no barking from the dog no smog mama cooked a breakfast with no hog i got my grub on but didn’t pig out finally got a call from a girl i wanna dig out
MrThickRopes
22:42
Wake up in the morning and i take a shit take off my pants cause they caked in shit go to da club and I’m finna get lit light up the blunt but it’s soaked in shit thrown on da curb because i took a shiiit
2:37
I fear you guys are not nearly locked-in enough
Why $0 at Harvard just to do litigation? Are you actually going to do your original plan post grad? @UncleIroh
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