Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

electronic currency

Read a random definition: dailia

A quick definition of electronic currency:

An electronic currency is a type of money that exists only in digital form. It is stored on a computer or a computer chip and can be transferred over the internet. It is also known as e-money or digital cash. Unlike paper currency, it is not backed by gold or silver. It is legal tender for the payment of debts and can be easily converted to cash.

A more thorough explanation:

Electronic currency, also known as e-money, is a type of money that exists only in digital form. It is transformed into information stored on a computer or computer chip so that it can be transferred over information systems such as the Internet.

Examples of electronic currency include Bitcoin, PayPal, and Apple Pay. These forms of payment allow individuals to make purchases and transfer funds without the need for physical cash or checks.

For example, if someone wants to buy a product online using PayPal, they can transfer the necessary funds from their PayPal account to the seller's account electronically. This eliminates the need for physical cash or checks to be exchanged.

Overall, electronic currency provides a convenient and efficient way to make transactions in today's digital age.

electronic funds transfer | Electronic Signatures in Global and National Commerce Act

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.