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Simple English definitions for legal terms

federal-funds rate

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A quick definition of federal-funds rate:

The federal-funds rate is the interest rate that banks charge each other when they lend money overnight. This happens when one bank has extra money and another bank needs some money to cover their expenses. The rate is set by the Federal Reserve and can affect how much it costs for people and businesses to borrow money from banks.

A more thorough explanation:

Definition: The federal-funds rate is the interest rate at which banks lend to each other overnight. This means that banks with excess reserves lend money to those with temporarily insufficient reserves. It is also known as the fed-funds rate and is often shortened to fed funds.

  • When Bank A has excess reserves, it can lend money to Bank B overnight at the federal-funds rate.
  • The Federal Reserve sets a target for the federal-funds rate, which can influence other interest rates in the economy.

These examples illustrate how the federal-funds rate works. Banks with excess reserves can earn interest by lending to other banks with temporary shortages of reserves. The Federal Reserve can also use the federal-funds rate to influence the overall level of interest rates in the economy.

Federal Food Stamp Act | federal government

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medicine is a scam
join the ethically ambiguous legal field instead
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.
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