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Simple English definitions for legal terms

electronic currency

Read a random definition: resurrender

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

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

shaquilleoatmeal

11:14

damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol

cheriebomb

11:14

i made out with my ex in a stairwell the other day if you care. my only update

shaquilleoatmeal

11:14

oof

shaquilleoatmeal

11:14

twitter ex or a different ex

cheriebomb

11:15

different ex

windyMagician

11:15

since its not Twitter dude I'll forgive it

shaquilleoatmeal

11:17

at least you did that before the new year, cant carry that baggage in 25

cheriebomb

11:17

I think he thinks if I move to nyc we’re going to get back together

cheriebomb

11:17

that’s not my plan tbh

jackfrost11770

11:18

https://www.reddit.com/r/lawschooladmissions/comments/1hk0qlh/insane_admissions_story/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

jackfrost11770

11:18

this is so funny

shaquilleoatmeal

11:19

lmao damn wish id be classmates with this dude

shaquilleoatmeal

11:20

@cheriebomb: you never know what the future holds

jackfrost11770

11:20

also cherie fallen soldier

jackfrost11770

11:20

i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds

cheriebomb

11:20

i don’t fw him that heavy tbh

cheriebomb

11:21

i get along better with his friends than i do with him

windyMagician

11:21

nah the hiking in Nike blazers deserves jail time

cheriebomb

11:21

he was already vomiting and shitting in a hole I think he did his penance

windyMagician

11:26

call that restorative justice

shaquilleoatmeal

11:34

@cheriebomb: https://www.boston.com/travel/travel/2024/12/20/boston-was-just-named-the-most-beautiful-winter-city-in-the-world/

cheriebomb

11:35

they put a place in the UK second. I don’t trust their methodology

shaquilleoatmeal

11:35

im laughin cause it definitely isnt but the fact that some people this it is is comical

shaquilleoatmeal

11:35

tink*

shaquilleoatmeal

11:35

think jee

shaquilleoatmeal

11:35

jeez - im over it

cheriebomb

11:37

imagine saying you want to go to boston for christmas 💀

shaquilleoatmeal

11:40

https://www.instagram.com/backbayboston/p/DD13nN_RM3g/

shaquilleoatmeal

11:40

imagine you not wanting to go what lmao

cheriebomb

13:55

not impressed by the fact that they have a park and some buildings. who doesn't

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