Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

antideficiency statute

Read a random definition: delegation doctrine

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.