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Simple English definitions for legal terms

indexing

Read a random definition: construction lien

A quick definition of indexing:

Indexing: Indexing is a way to make sure that things like wages, pensions, and insurance payments keep up with the rising cost of things over time. It's also a way to invest money by following a group of stocks or other investments to see how they perform.

A more thorough explanation:

Definition: Indexing is a method of adjusting payments or investments to account for inflation or to track a specific group of securities.

Example 1: When you receive a salary increase to keep up with the rising cost of living, this is an example of indexing. For instance, if you earn $50,000 per year and inflation is 2%, your salary would be adjusted to $51,000 to maintain your purchasing power.

Example 2: Indexing can also refer to investing in a fund that mirrors a particular index of securities, such as the S&P 500. This means that the fund's performance will closely match the index it tracks. For example, if the S&P 500 increases by 10%, the fund will also increase by approximately 10%.

Both examples illustrate how indexing is used to adjust payments or investments to account for changes in the economy or market. It helps to ensure that individuals or funds maintain their purchasing power or achieve their investment goals.

index fund | index lease

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[] ararara
15:23
My mindset, I tell the students to make something out of it and mostly just try to motivate them or focus on what is motivating them. Also to build healthy habits overall so that the studying isn’t unhealthy.
[] ararara
15:24
Because ultimately we know an endless amount about the test but how much of it’s going to rub off or what the outcome will be who knows
jb2028
15:25
@Thersh: It should say somewhere whether it's per year or total. It is not per semester; Minnesota's cost of attendance is $74K/year ($84K/year out of state); even if they were offering you full tuition, room+board+expenses, and some kind of stipend, that would not add up to $114K per year
[] ararara
15:25
I wish more people would come into the chat and announce their As like @jack
Honestly I think the best general thing to teach someone for the lsat is basic propositional logic stuff a la modus ponens and whatnot
15:26
@jb2028: it says 57k and "yes" under renewable. There is no other info
TerriblyTiredTurtle
15:26
best guess is 57k per year
15:26
sounds like per year, i'd guess you'll get an email further explaining it
half the questions are just "do you know that A->B does not mean ~A->~B
I'd guess 56k per year since their OOS tuition last year was $54,696. So exciting @thresh, congrats!!!!
[] ararara
15:27
If this happens, then that other things happens. That’s the whole lsat in a nutshell. Beyond the smoke and mirrors. It all makes sense.
jb2028
15:27
Agree w/ @terriblytiredturtle, "Renewable" sounds like it's "renewable each year" (provided you don't flunk out/transfer/drop out to do an MFA instead)
15:28
Thanks @known and thanks everyone for deciphering that. Sorry if it caused any confusion
any idea if harvard interviews are/went out today?
and if so, what's the way they contact you? email, phone call?
[] ararara
15:28
Life on the other hand, not so much. I think in Ancient Greece lawyers used to be trained in the poetics to appeal to people’s emotional sides.
[] ararara
15:28
@LivelyWomanlyAlligator: e-mail
jb2028
15:28
Would also match their out-of-state tuition (currently $56K, presumably increasing some for 2023-24) so that sounds like a full-tuition (but no room/board/etc.) scholarship given you're out of state
15:29
@ararara: to go back to what you said, yes i agree all tutors are different. I just had a bad experience and realized it wasn't for me.
15:29
I am out of state
Ima liberal so vegan crack for me
jb2028
15:30
Yeah, so that would be $171K in the format LSD uses to enter scholarships
15:31
@WhatItDoBayBeee: i love that you posted that in general instead of off-topic lmao
Shhh idk what you’re talking about !
[] ararara
15:32
@Thersh: I think a major point of what tutors should do is create an experience you cannot get anywhere else every lesson and so yeah it sounds like that didn’t happen. Ultimately though you standing on your own is the biggest thing because nobody will be there with you on test day.
Everyone doll worm is crazy
[] ararara
15:33
I always try to do that. I take my notes that I’ve been building since keeping my wrong answer journal then tweak them based on what students are saying.
@Thersh: why are your top choices Duke, Michigan and Harvard? Just curious
why not?
lol I am not asking why not, just curious as to why given their spread
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