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LSDefine

Simple English definitions for legal terms

DFA

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A quick definition of DFA:

Term: DFA

Definition: DFA stands for Delayed Funds Availability. This means that when you deposit money into your bank account, the bank may hold onto it for a certain amount of time before you can use it. This is to make sure that the money is really there and that there are no problems with the deposit. It's important to know about DFA so that you don't accidentally spend money that you don't actually have yet.

A more thorough explanation:

Definition: DFA stands for Delayed Funds Availability. It refers to the practice of banks holding a portion of deposited funds for a certain period of time before making them available for withdrawal or use.

Example: Let's say you deposit a check for $1,000 into your bank account. If your bank has a DFA policy, they may hold $200 of that amount for a few days before making it available for you to use. This means that you would only have access to $800 of your deposited funds until the hold is released.

Explanation: The example illustrates how DFA works in practice. Banks use this policy to protect themselves from potential fraud or insufficient funds in the deposited check. By holding a portion of the funds, they can ensure that the check clears before releasing the full amount to the account holder. This can be frustrating for customers who need immediate access to their funds, but it is a common practice in the banking industry.

dextras dare | DFAS

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General

General chat about the legal profession.
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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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