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LSDefine

Simple English definitions for legal terms

bill of credit

Read a random definition: financial-responsibility act

A quick definition of bill of credit:

A bill of credit is a type of paper money that is issued by a state and is meant to be used as legal tender in everyday business transactions. It is backed by the state's reputation and is designed to circulate as money. It is also known as a letter of credit.

A more thorough explanation:

A bill of credit is a type of legal tender that is issued by a state and is meant to be used as money in everyday business transactions. It is backed by the faith of the state and is usually in the form of paper.

For example, if a state government issues a bill of credit, it can be used by individuals and businesses to buy goods and services. The bill of credit is considered legal tender, which means that it is accepted as payment for debts and obligations.

Another example of a bill of credit is a letter of credit. This is a document that is issued by a bank or financial institution and is used to guarantee payment to a seller. The letter of credit is a type of bill of credit because it is backed by the faith of the bank or financial institution that issued it.

Overall, bills of credit are an important part of the economy because they provide a reliable and secure form of payment that can be used in everyday transactions.

bill of adventure | bill of entry

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[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
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