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LSDefine

Simple English definitions for legal terms

constant dollars

Read a random definition: corporate-mortgage trust

A quick definition of constant dollars:

Constant dollars refer to the value of money at a specific time, adjusted for inflation. In simpler terms, it means how much money is worth today compared to how much it was worth in the past. This is determined by the consumer price index, which measures changes in the cost of goods and services over time. Constant dollars are used as a way to measure inflation and understand how the value of money changes over time.

A more thorough explanation:

Definition: Constant dollars refer to the value of current money expressed as a percentage of its buying power in a previous year, as determined by the consumer price index. This value is used as a measure of inflation.

Example: Let's say you earned $50,000 in 2010 and $60,000 in 2020. At first glance, it seems like you earned $10,000 more in 2020. However, if we adjust for inflation using the consumer price index, we may find that the buying power of $50,000 in 2010 is equivalent to $60,000 in 2020. In this case, your earnings in 2020 are not actually higher than in 2010 when we consider the value of money over time.

Explanation: The example illustrates how constant dollars are used to adjust for inflation and compare the value of money over time. By using the consumer price index, we can determine the buying power of money in a previous year and compare it to the buying power of money in a current year. This allows us to make more accurate comparisons of earnings, prices, and other economic indicators over time.

constablewick | constat

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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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