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LSDefine

Simple English definitions for legal terms

clearing

Read a random definition: United States Court of Veterans Appeals

A quick definition of clearing:

Clearing is a process where banks exchange checks and make sure that all accounts are balanced. It's like making sure that everyone has paid what they owe and received what they are owed. In maritime law, clearing means that a ship has followed all the rules and regulations before leaving port. This includes customs and health checks. It's like getting permission to leave. In movie theaters, clearing means that a movie can only be shown once in a certain area before a certain amount of time has passed. This gives each theater a chance to show the movie exclusively.

A more thorough explanation:

Definition: Clearing refers to the process of exchanging checks and balancing accounts in banking. In maritime law, it refers to the departure of a ship from port after complying with customs, health laws, and other local regulations.

  • When you deposit a check into your bank account, the bank will go through a clearing process to ensure that the check is valid and that the funds are available before crediting your account.
  • Before a ship can leave port, it must go through a clearing process to comply with customs, health laws, and other regulations. Once the ship has been cleared, it is allowed to depart.

These examples illustrate how clearing is a process that ensures that everything is in order before proceeding. In banking, clearing helps to prevent fraud and ensure that funds are available before they are credited to an account. In maritime law, clearing helps to ensure that ships comply with regulations and are safe to depart from port.

clear error | clearing account

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or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
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