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LSDefine

Simple English definitions for legal terms

bankable paper

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A quick definition of bankable paper:

Bankable paper refers to any written or printed document that can be used as a negotiable instrument to evidence a debt. This includes notes, checks, bank bills, drafts, and other instruments that are received as cash by banks. It is important to note that bankable paper can be used as a form of payment and can be transferred from one person to another.

A more thorough explanation:

Bankable paper refers to any written or printed document that can be used as a negotiable instrument to evidence a debt. This includes commercial documents like notes, checks, bank bills, and drafts that are considered as a group. These documents are received as cash by banks and are known as bankable paper.

For example, when a company issues a check to another company, the check becomes a bankable paper that can be deposited into the recipient's bank account. Similarly, when a person writes a promissory note to borrow money from a bank, the note becomes a bankable paper that can be traded or sold to another party.

Bankable paper is important in the financial industry because it allows for the transfer of funds without the need for physical cash. Banks and other financial institutions rely on bankable paper to facilitate transactions and manage their cash flow.

bane | bank acceptance

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TGM
18:23
How long can I delay sending my fall grades if they hurt my GPA? I’m still waiting on decisions and ideally I’m hoping they decide BEFORE seeing my new grades
TGM
18:27
dropped my GPA below median for a couple of schools I’m applying to, when I was above median before
Dkk
18:32
@TGM: Not long enough to get another transcript to recover.
Dkk
18:33
Honestly you could just wait until someone actually asks for your fall grades. Who knows.
Dkk
18:34
@wigwav: It looks like if below medians it will not help but If applying in November it seems you are still middle of the cycle.
18:34
@wigwav: nah
TGM
18:34
like am I expected to send it unprompted or can I wait until a school requested it
Dkk
18:35
@TGM: Expected to send it unprompted but you can wait and see.
18:36
Is your LSAT also below median?
TGM
18:37
It’s above median, but I’m applying T6 with unimpressive softs, so even with a good LSAT it’s tough
texaslawhopefully
18:38
Yeah, then I would just wait as long as you can to send it
texaslawhopefully
18:38
For like HLS at least, if you wait till J6 then you may already have a decision
TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
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