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LSDefine

Simple English definitions for legal terms

convenience account

Read a random definition: Master of the Ordnance

A quick definition of convenience account:

A convenience account is a type of bank account that looks like a joint account, but only one person owns the money in it. The owner of the account can let someone else withdraw money from it, but they still own the money. This type of account is often used by people who need help managing their finances.

A more thorough explanation:

A convenience account is a type of bank account that appears to be a joint account, but only one person, the creator, has an ownership interest in the deposited funds. The account is established by the creator to enable another person to withdraw funds at the creator's direction or for the creator's benefit. The manager's name may be on the account, but they do not contribute any personal funds to the account and can only write checks or make withdrawals at the direction of or on behalf of the creator.

For example, a convenience account may be established by an elderly person who needs a financial manager's help and wants to make it easy for the manager to pay bills. The manager's name may be on the account, but they do not have any ownership interest in the deposited funds and can only make withdrawals at the direction of the elderly person.

convene | convening authority

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MIAMI A
[] 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
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