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Simple English definitions for legal terms

demonetization

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A quick definition of demonetization:

Term: DEMONETIZATION

Definition: Demonetization means that a metal that was used as money is not used anymore. It is like taking away the value of that metal as money. For example, in the United States, gold was demonetized, which means it was not used as money anymore.

A more thorough explanation:

Definition: Demonetization refers to the act of withdrawing the status of legal tender from a currency unit or ceasing to use a particular metal as money.

Example: In 2016, the Indian government demonetized all ₹500 and ₹1,000 banknotes, which accounted for 86% of the country's cash in circulation. This move was aimed at curbing corruption, black money, and counterfeit currency.

Explanation: The example illustrates how demonetization involves the discontinuation of a particular currency unit as a legal tender. In this case, the Indian government withdrew the status of legal tender from ₹500 and ₹1,000 banknotes, rendering them useless for transactions. This move aimed to tackle issues such as corruption, black money, and counterfeit currency, which were prevalent in the country's economy.

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Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
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9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
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WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
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