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Simple English definitions for legal terms

changing fund

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A quick definition of changing fund:

A changing fund is a type of money that is invested and reinvested periodically. It is usually a trust fund that changes its form as it is invested. Other types of funds include a general fund, which is a government's primary operating fund, and a sinking fund, which is a fund consisting of regular deposits that are accumulated with interest to pay off a long-term corporate or public debt.

A more thorough explanation:

A changing fund is a type of trust fund that periodically changes its form as it is invested and reinvested. This means that the assets in the fund are not fixed and can vary over time. For example, the fund may start with stocks and then switch to bonds or other investments.

One example of a changing fund is a mutual fund. Mutual funds pool money from many investors and use it to buy a diversified portfolio of stocks, bonds, or other securities. The value of the fund changes as the value of the underlying securities changes.

Another example of a changing fund is a college savings plan. These plans allow parents to invest money for their child's education and typically offer a range of investment options, such as stocks, bonds, and money market funds. The investments can be changed over time as the child gets closer to college age.

Overall, changing funds are designed to provide flexibility and potential for growth over time. However, they also come with risks, such as fluctuations in the market and changes in investment strategies.

change order | channel

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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