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Simple English definitions for legal terms

countertrade

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A quick definition of countertrade:

Countertrade: A way of trading between countries where the things one country buys from another country are linked to things the first country sells to the second country. It's like trading toys for candy. Countertrade became popular in the 1970s and 1980s when some countries in Europe did a lot of business this way.

A more thorough explanation:

Countertrade is a type of international trade where the purchases made by an importing country are linked to purchases made by the exporting country. It is like bartering, but with modern clothes. This type of trade developed quickly in the 1970s and 1980s as a way of doing business with the USSR and Eastern European countries. However, it is not as popular now as it used to be.

One example of countertrade is when a country buys oil from another country and, in exchange, the exporting country agrees to buy goods or services from the importing country. For instance, China may buy oil from Russia and, in exchange, Russia may agree to buy Chinese-made cars.

Another example is when a country buys weapons from another country and, in exchange, the exporting country agrees to buy agricultural products from the importing country. For example, Saudi Arabia may buy weapons from the United States and, in exchange, the United States may agree to buy Saudi Arabian oil.

These examples illustrate how countertrade works. The importing country and the exporting country agree to trade goods or services instead of using money. This type of trade can be beneficial for both countries because it allows them to exchange goods or services that they need without using money.

countersuit | countervailable subsidy

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16:14
Justice as Fairness!
16:14
also wow I didn’t consider that about immigration policy. hmmm
16:17
@Law-Guy: you get it
16:19
@baddestbunny: oh yeah definitly. Idk how any system of government would work if you can't distribute social goods to everyone.
MildChiller
16:33
does anyone know if the Yale webinars are cameras on?
1a2b3c4d26z
16:35
Justice as deez!
17:49
Quentin Tarantino is interested in watching somebody’s ear getting cut off; David Lynch is interested in the ear.
18:03
Quentin Tarantino can't resist putting a gay scene with a black guy participating in the gay act in his movies.
18:05
David Lynch is just gay.
18:18
Lynch is more in touch with his unconscious/dream state than the average person
18:42
Probably. I just dont know. All I know is he did a good job with Dune.
18:45
You should watch Blue Velvet
18:46
How’s your LSAT studying been going?
18:49
It is good. I have about two more weeks and I broke the 90 level on LSAT Demon which is good last night. My goal is 95 so I can probably get it before I test. It is scaled our of 100. This is for LR. My RC is below that but I know the more I get better at MBT questions the better my RC becomes.
18:50
I watched the trailer for that movie. The run time is 2 hours. May watch it on 2x the speed. Just watched se7en and thats like as graphic as I get so I kinda need a break from weird bodyhorror stuff. The sloth guy in that movie scared me.
18:51
I do like psychological horror though.
18:53
Oh jesus don’t watch the movie at all if you’re gonna watch it on 2x speed
18:54
I have never used lsat demon; how do their levels relate to actual lsat scoring?
18:56
kinda go in 20 point intervals. 20 points if you have mastered lvl 1 difficulty questions, 100 points if you have mastered lvl 5.
18:56
Getting 100 points is incredibly difficult though. anything baout 95 is pushing the 175-180 range. 90-95 is like 170-174 or so. etc.
18:56
yeah but if you’re getting a 95 on all sections what LSAT score is that? how is that calculated?
18:56
oh okay
18:57
so 100 would be a 180?
18:57
Yeah, 100 is like you would get a 180 and there's nothing more to teach you. I have only seen someone with a 100 like 2/3 times.
18:57
are you taking practice tests that are being scored though?
18:57
or just drills
18:57
Yep, they get factored into it.
18:58
I do drilling essentially every day. A timed section every 3, and a test every 2 weeks.
1a2b3c4d26z
20:06
re: WashU's URM lsat differential - fair to chalk that up to LSAT redaction weirdness messing w the scale or are they generally starved for URMs
1a2b3c4d26z
20:07
And an (albeit negligible) inverse URM GPA differential
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