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Simple English definitions for legal terms

antideficiency statute

Read a random definition: Office of Special Counsel

A quick definition of antideficiency statute:

An antideficiency statute is a law that helps prevent the government from spending more money than it has. It can also limit the rights of creditors to get more money than what was agreed upon. This is important because it helps keep the government and its finances in check.

A more thorough explanation:

An antideficiency statute is a type of legislation that limits the government's ability to spend money beyond what has been allocated in the budget. It is also known as an antideficiency law.

For example, if a government agency has a budget of $100,000 for a project, but ends up spending $120,000, an antideficiency statute would prevent the agency from spending the extra $20,000 without proper authorization.

Another example of an antideficiency statute is one that limits the rights of secured creditors to recover in excess of the security. This means that if a creditor has a security interest in a property, they cannot recover more than the value of the property.

Antideficiency statutes are important because they help prevent government agencies from overspending and going beyond their allocated budgets. This helps ensure that taxpayer money is being used responsibly and efficiently.

antideficiency legislation | antidestructibility statute

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does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
Send MA ID
BulbasaurNoLikeCardio
16:16
LawHub blocking me from status checker, guess I ain't going to law school now
"Go touch grass" - Lawhub
BulbasaurNoLikeCardio
16:17
Pretty much lol
BulbasaurNoLikeCardio
16:18
Even though its only second check of the day
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