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Simple English definitions for legal terms

flat money

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A quick definition of flat money:

Flat money is a type of money that is not backed by gold or silver. It is paper currency that is authorized by the government to be used as part of its currency. This means that it has value because the government says it does, and people agree to use it as a medium of exchange. Other types of money include coins, demand deposits that can be easily converted to cash, and e-money that is stored on a computer or computer chip. Lawful money is money that is legal tender for the payment of debts, while paper money is currency in the form of bills drawn by a government against its own credit. Real money has intrinsic value, such as metallic value, and is different from money on account.

A more thorough explanation:

Flat money is a type of currency that is not backed by gold or silver. It is also known as fiat money. This means that the value of the money is determined by the government that issues it, rather than by the value of a physical commodity.

Examples of flat money include paper bills and coins that are used as legal tender in a country. The US dollar, the euro, and the Japanese yen are all examples of flat money.

Flat money is different from real money, which has intrinsic value, such as gold or silver coins. It is also different from e-money, which is a digital form of currency that is stored on a computer or a chip.

Flat money is important because it allows for easier exchange of goods and services within a country. It is widely accepted and recognized as a medium of exchange, making it easier for people to conduct transactions.

flag-state control | flat reinsurance

General

General chat about the legal profession.

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Sex-Drive

14:19

[deleted by starfishies]

c0bra1

14:20

@bonelesscannoli: swagalicious i will add the inc.

Sex-Drive

14:20

[deleted by starfishies]

bonelesscannoli

14:20

@c0bra1: U work in retail?

NemoPropheta

14:21

im assuming he was an intern

c0bra1

14:24

@bonelesscannoli: no i interned also i hate this 15 message limit

NemoPropheta

14:25

howd you manage the internship? theyre super competitive

bonelesscannoli

14:28

@c0bra1: I gotcha

c0bra1

14:31

@NemoPropheta: mine was on a chill team so i had a good time, but apple works like a bunch of little companies that report to the same ppl so its a little isolating if you're not in the same office/don't go out much. i didn't take RO to intern again

c0bra1

14:32

i applied cold and happened to team match well from something i did on a prior internship

windyMagician

14:48

@Sex-Drive: we have entirely different living standards if you think 60k is "hardly anything to live off of:"

windyMagician

14:51

i make around that in a hcol area and feel like im balling out while saving over 20% of my income

TiredOfThisGrandpa

14:55

@Sex-Drive: Seconding what Windy's saying. I live in a LCOL and I'm fully able to support myself and my family on my paycheck alone. $60k in a HCOL while single was living check to check.

Sex-Drive

14:55

[deleted by starfishies]

windyMagician

14:57

not to be a boomer but i think people need to realize that you are supposed to be broke in your early 20s

windyMagician

14:57

oh no its dk again

TiredOfThisGrandpa

14:57

What did they even post?

windyMagician

14:58

probably calling me an anti-hispanic slur

SpecialCrowdedElemental

15:01

if I want to transfer to nyu is it better to go to washu or cardozo

SpecialCrowdedElemental

15:04

(also why does nyu accept so many transfers from brooklyn lmao, what other t125 will let you transfer that high)

c0bra1

15:07

transferring is grades dependent so "better" is a little weird to define - a lot of ppl don't want to give up schollys/networks for ranking purposes. that being said im going to dozo and hoping for a nyu transfer lol

c0bra1

15:08

i think they take a lot from brooklyn just by the nature of being a nyc school. 3 out of 15 transfers out of cardozo went to nyu last year which is technically a good sign but you'd consider that the rate of ppl at washu wanting to move to nyc and pay sticker after a year is probably lower than the rate of ppl at nyc schools who want to

c0bra1

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

esoterica

15:58

my bitches shaking ass with they hand out

NosyBeagle

16:49

did someone say shaking ass

sock

16:55

im crashing out

windyMagician

17:06

im locking in

DivergentBoundlessHuman

17:09

I'm locking [my daughter] in [the basement]

llama

18:17

Im in the [spread] sheets locked [tf] in

GatorNation

9:51

what do you guys think about nova southeastern is it a decent school

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