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Simple English definitions for legal terms

hot check

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A quick definition of hot check:

A hot check is a type of bad check that is not honored by a bank because the account does not have enough money or does not exist. It is also called a worthless check, rubber check, bounced check, cold check, bogus check, false check, or dry check. A check is a written order to a bank to pay a certain amount of money to a person or organization. There are different types of checks, such as personal checks, cashier's checks, and traveler's checks. A canceled check is one that has been paid by the bank, while a postdated check is one that is dated for a future date. A raised check is one that has been altered to increase the amount, which is illegal. Banks may choose not to honor stale checks that have been outstanding for more than six months.

A more thorough explanation:

Definition: A check that is not honored because the account either contains insufficient funds or does not exist. It is also known as a bad check, worthless check, rubber check, bounced check, cold check, bogus check, false check, or dry check.

Example: John writes a check for $500 to pay his rent, but he does not have enough money in his account to cover the amount. The landlord tries to cash the check, but it bounces because it is a hot check.

Explanation: The example illustrates how a hot check is a check that is not honored by the bank because the account does not have enough funds or does not exist. In this case, John wrote a check for $500, but he did not have enough money in his account to cover the amount. When the landlord tried to cash the check, it bounced, and it was considered a hot check.

hot-cargo agreement | hot stock

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Right, I thought so. At BU, though, it appears that what's called BU's public interest project grant is not available to supplement judicial internships. And I think its public service summer funding is also limited. Oh well.
21:13
@BankruptcyAndRestructuringLawIsCool: FWIW they allude to some type of funding ("BU Law has implemented separate funding sources for judicial interns") in this packet https://www.bu.edu/law/files/2023/11/Public-Service-Summer-Funding-Applicant-Packet-2024.pdf
21:13
Although they don't give details, and as you note they don't guarantee funding to everyone (which is in line with other $ they offer, e.g. the LRAP)
21:14
Anyone know how hard it is to do pro bono work as a 1L for judges or fed gov in general in the D.C. market
21:14
Idk much about pro bono opportunities period but thinking I wanna try to get some work experience as soon as humanly possible
21:14
When I begin law school I mean
21:15
Lines up with BU's limited endowment: $81K per student a few years ago, i.e., enough to support a payout of about $3,250 per student per year at a 4% payout rate https://leiterlawschool.typepad.com/leiter/2022/05/per-student-value-of-law-school-endowments-2021.html
21:17
Seems like they're trying to compete with other schools on program headlines (we fund X, Y, and Z and we have an LRAP) but the endowment can't really support that, so they have all these programs but don't guarantee funding. Would not rely on that if you have alternatives.
Thanks for those links. I'll give the public service summer funding information packet, in particular, a careful read. But yeah, your takeaway seems right.
KnowledgeableRitzyWasp
22:33
i could really use some fried chicken right now
KnowledgeableRitzyWasp
22:34
kfc or popeyes
KnowledgeableRitzyWasp
22:34
or korean with gochujang
KnowledgeableRitzyWasp
22:35
i might order some gochujang sauce on amazon and cook some air fried chicken breast filets, they’re really good
KnowledgeableRitzyWasp
22:35
just letting you guys know :)
0:14
Where I can find the definition of the false-endowment?
11:14
@Mohammed: False-endowment?
12:05
guys, im making a public speaking with the topic of personal choice in nuisance. Can you give me what to talk about
babybunny
12:47
what does this mean? you get to pick a topic but it has to be about nuisances?
13:16
Yeah I also don’t know what this means ngl
Obtainingdreams
14:58
Do you think you can use being on the Harvard Wl to ask for more money? Like say you'll withdraw if they give you more?
16:14
@Obtainingdreams: Unlikely
16:19
If 1 in 10 Harvard waitlistees in their class of 2027 get into HLS (average A % off the HLS waitlist), the school is better served by offering that student more $ than offering the other 9 in 10 more $ than they have to and the one that gets into HLS less than they need to
what do you guys think about the HLS WL? DO you think they're gonna give out a decent amount of A's still?
17:15
no
[] ararara
17:38
Thanks JB 🦸‍♀️! For everybody out there stressing law school decisions, hang in there!
What do people think about ND
18:42
@NaughtyTeenyWeenyPebble: Looking at last cycle's stats, 16 people logged the date of their HLS waitlist offer and 6 of those were made by 5/19 (the other 10 came later). It's a small sample, and every cycle is different, but it's entirely possible more WL offers are coming
babybunny
18:52
ban me again, for old times’ sake? 😘
I deposited at Columbia but I just want to know if I should start looking for apartments or if I'm going to get an offer from harvard. so stressful
KnowledgeableRitzyWasp
20:02
you kind of have to be ready to drop everything for harvard while going forward with apartments for columbia
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