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Simple English definitions for legal terms

due-bill

Read a random definition: second-collision doctrine

A quick definition of due-bill:

Term: Due-Bill

Definition: A due-bill is a note that says someone owes you something. It can be a reminder of a debt or the actual debt itself. It's like saying "I owe you" or "you owe me".

A more thorough explanation:

Definition: A due-bill is a written acknowledgement of a debt. It is also known as an IOU, which stands for "I owe you".

Examples:

John borrowed $50 from his friend and wrote an IOU to repay the debt.
Mary received a due-bill from her employer for the bonus she earned.

The first example illustrates how John acknowledged his debt to his friend by writing an IOU. The second example shows how Mary's employer acknowledged the bonus owed to her by issuing a due-bill.

ducking stool | due compensation

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

texaslawhopefully

15:38

UChicago is number one

windyMagician

15:39

^ period

ImpartialLion

15:39

u know it was a double thing. I missed II and my gf didn't want to live in the midwest anymore

sadpadresfan

15:39

But it’s fucking uchicago thooo LOL

sadpadresfan

15:39

I

sadpadresfan

15:40

Makes sense tho

cumsock

15:40

@choosingpeace: there’s plenty to do in Philly 😂 it’s a giant city

ImpartialLion

15:40

So after missing the II, I was like whatever. Maybe it's a sign to withdraw

windyMagician

15:40

nah making decisions off the gf is out of pocket

ImpartialLion

15:40

nahhhhh we been together since 10th grade

texaslawhopefully

15:40

I guess it depends what your goals are. If it's generic biglaw, CLS will get you the same outcome

ImpartialLion

15:40

6 yrs on January 30th

lilypadfrog

15:40

awwww <3 i love love

ImpartialLion

15:41

I also like CLS for liberal clerking. approx 41 FCOA clerks per yr

ImpartialLion

15:41

It's there if I excel. if not then I'm chill with sticking to BL

texaslawhopefully

15:41

CLS is not even close to Chicago for clerking lmao

choosingpeace

15:41

wait would yall pick CLS or penn?

windyMagician

15:42

I didn't apply to either but I would pick penn

PuppyBot

15:42

penn bc im in state

ImpartialLion

15:42

no no it's not. But I wouldn't clerk conservative, so idk about Chi #s for myself

cumsock

15:42

Penn

texaslawhopefully

15:42

I guess that's fair. From what I've heard UChicago for conservatives is on par w/ HYS for clerkships

texaslawhopefully

15:42

not sure about for liberals

cumsock

15:43

They’re very similar tho

cumsock

15:43

Both t6 ivies

ImpartialLion

15:44

Is that NYU disrespect???? NYU out the t-6?

sadpadresfan

15:44

Penn because my college friends who mentored me go there

lilypadfrog

15:45

NYU is a t6 unless they don’t accept me and then idgaf what they’re ranked

texaslawhopefully

15:46

That's the best mentality

texaslawhopefully

15:46

If I get into UChicago it will be CYS

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