LSDefine

Simple English definitions for legal terms

aging-out

Read a random definition: junior user

A quick definition of aging-out:

Aging-out is when a foster child or minor ward reaches the age where they are no longer legally entitled to care. This usually happens when they turn 18, but some states allow them to stay in foster care until they are 21 if they are still in school or cannot live on their own. Aging-out means that the child is no longer eligible for foster care and must find a way to support themselves.

Agio is a fancy word for the extra money you might have to pay when you exchange one kind of money for another. For example, if you want to exchange paper money for coins, you might have to pay a little extra. The same thing can happen when you exchange money from one country for money from another country.

A more thorough explanation:

Definition: When a foster child or minor ward reaches the age at which they are no longer legally entitled to care.

Usually, this happens when the child reaches the age of majority and becomes ineligible for foster care. However, some states allow an extension of eligibility up to age 21 if the child is still in school or cannot live independently, or if it is otherwise in the child's best interests to remain in foster care and the child consents.

For example, if a foster child turns 18 and is no longer eligible for foster care, they may have to leave their foster home and live on their own. However, if they are still in high school and need support, they may be able to stay in foster care until they graduate.

Related term: INDEPENDENT-LIVING PROGRAM

Example: AGIO

Definition: The premium paid for exchanging one type of money for another.

For example, if you exchange US dollars for Euros, you may have to pay a small fee or premium for the exchange. This fee is called an agio.

aging of accounts | agiotage

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

llama

17:41

@LawIsForPeasants: ok, sorry, I will not bother u while u 'self validate yourself in the corner' my bad.

KnowledgeableRitzyWasp

17:41

@llama: im self validating so hard rn

llama

17:42

@KnowledgeableRitzyWasp: thats very ithica of you, wasp.

texaslawhopefully

17:44

@KnowledgeableRitzyWasp: Out of curiosity, since you're in law school and prolly know fedsoc people, how conservative do you think you have to be to be in fedsoc? Like is a david french sort of conservative fairly common in it, or is it the maga type people mainly

KnowledgeableRitzyWasp

17:46

i dont interact with any fedsoc people, but i dont know any maga people at cornell. but the student body overwhelmingly leans left, so i think they might not be comfortable showing that theyre conservative if that makes sense?

KnowledgeableRitzyWasp

17:46

one time a guy kind of crashed out about masks in conlaw

KnowledgeableRitzyWasp

17:46

but that's the most ive seen

texaslawhopefully

17:47

Yeah, that does make sense. I would like to join fedsoc, but I'm also, clearly, very opposed to Trump and where the GOP has gone.

KnowledgeableRitzyWasp

17:48

if you join fedsoc and go for clerking and eventually become a judge. you will be pinholed into maga politics as long as maga is the predominant conservative stance

SaddestPortlander

17:50

Idk if @irishdinosaur is online but congrats on UCLA!!

LawIsForPeasants

17:55

next you will say you want to be the first black kkk grand wizard

IrishDinosaur

17:56

@SaddestPortlander: tysm!!!!

texaslawhopefully

18:00

yes congrats irishdinosaur! that's incredible

oakenrays

18:03

@IrishDinosaur: you inspire me and my completely misguided cope that I might ever get into UCLA

ImpartialLion

18:05

Super big congrats irish!!!

ImpartialLion

18:06

Also pretty much agree with Wasp. I think it’s more about getting the political/judicial position as a Fedsoc member that will likely require a stance siding with whatever the conservative majority party is at that time.

texaslawhopefully

18:07

Yeah, that's fair. I guess I need to think about it more assuming I start law school in the fall. I really want to clerk and that seems like the best option.

ImpartialLion

18:07

BUT i think once you get the position, you’ll have more leeway in making decisions more liberally. Sort of like how ACB and Gorsuch sometimes swing left after being portreayed in the media as far right (not sure if that was actually the case though).

ImpartialLion

18:09

From the perspective of someone who interned at the White House, I will add that my bosses always told me to “be careful about my resume.” Don’t want to align with any org that doesn’t fit your values because you won’t be trusted by the other side until you show them you’re legit again, and word travels in DC.

texaslawhopefully

18:10

I mean I highly highly doubt I'll become a federal judge, it's more just about getting a leg up in getting opportunities in the first place

ImpartialLion

18:10

Not sure how that true that is in practice and sorry for the long messages💀

texaslawhopefully

18:10

And, yeah, that's fair. Right now my resume probably looks like it's from someone who is center-right

ImpartialLion

18:11

Honestly, it just depends on your values. If you ever see yourself being a dem member in any capacity, then MAYBE stay away. But like you just said, there’s a possibility to look moderate with the right WE post law school.

texaslawhopefully

18:12

Yeah, that's true as well. As a side note, it's very cool you interned with the white house, I know those internships are incredibly hard to get

Dkk

18:12

A lot of conservativism right now is also just be as aggressive and unwilling to compromise in decision making right now because the left is out there in lets appeal to 1% of the population land so proposals brought to the table by them are 1, insane and 2, all or nothing proposals with no compromise.

Dkk

18:12

It's a bad time to be partisan really in any way.

ImpartialLion

18:13

I had to apply 4 times and got off the WL so I barely got it. It was a cool exp but def not any work crazier than you would see on capitol hill or any political org imo.

texaslawhopefully

18:14

It def looks great on your resume though

ImpartialLion

18:15

Yeah thats why i did it😂 it was a crazy time bcuz i had to commute from 2 hrs away since i was paying rent in madison and i couldnt afford another apt in DC

ImpartialLion

18:15

Never again.

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