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LSDefine

Simple English definitions for legal terms

DFA

Read a random definition: conversion divorce

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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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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