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Simple English definitions for legal terms

depository-transfer check

Read a random definition: bank-statement rule

A quick definition of depository-transfer check:

A depository-transfer check is a special kind of check that banks use to move money between their branches. It's not signed and can't be cashed, but it helps the bank keep track of where the money is going. A check is a piece of paper that you can use to pay for things instead of using cash. When you write a check, you're telling your bank to give money to the person or company you're paying. There are many different kinds of checks, like personal checks, cashier's checks, and traveler's checks. If you write a bad check, it means there's not enough money in your account to cover the payment.

A more thorough explanation:

A depository-transfer check is a type of check that is used by a bank to transfer funds from one branch to another or from one bank to another. It is an unsigned, non-negotiable check that is used for internal purposes only.

For example, if you deposit a check at your bank that was issued by another bank, your bank may use a depository-transfer check to transfer the funds from the other bank to your account. This type of check is not meant to be cashed or deposited by anyone other than the bank.

Other types of checks include:

  • Personal check: a check drawn on a person's own account
  • Cashier's check: a check drawn by a bank on itself, payable to another person
  • Certified check: a depositor's check drawn on a bank that guarantees the availability of funds for the check
  • Traveler's check: a cashier's check that must be signed by the purchaser at the time of purchase and countersigned when cashed
  • Postdated check: a check that bears a date after the date of its issue and is payable on or after the stated date

These examples illustrate the different types of checks that are commonly used for various purposes, such as personal transactions, business transactions, and travel. Each type of check has its own unique features and requirements, and it is important to understand these differences when using or accepting checks as a form of payment.

depository institution | Depository Trust Corporation

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WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
Why? LOL
soapy
10:35
The adcoms recognize you and will deny you is frightening, lmaoo. Not the abs thing XD
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