Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

federal intermediate credit bank

Read a random definition: preemption right

A quick definition of federal intermediate credit bank:

A bank is a place where you can keep your money, borrow money, and do other financial transactions. It is like a big safe where people can store their money and get it when they need it. Banks are regulated by the government to make sure they are safe and fair for everyone. Some banks are for farmers, some are for businesses, and some are for regular people. When you put your money in a bank, it is called a deposit. You can also take out a loan from a bank, which means they give you money that you have to pay back with interest.

A more thorough explanation:

Definition: A type of bank that was part of a system of 12 regional banks created in 1923 to provide short-term loans to farmers and ranchers. The system is now merged with federal land banks to create the federal farm-credit system.

Example: A farmer in a rural area needs a loan to buy new equipment for their farm. They can apply for a loan from a federal intermediate credit bank, which specializes in providing credit to farmers and ranchers.

Explanation: The example illustrates how a federal intermediate credit bank provides credit to farmers and ranchers who may not have access to traditional banks or credit unions. These banks were created to support the agricultural industry and provide short-term loans to help farmers and ranchers manage their finances.

Federal Insurance Contributions Act | Federalist Papers

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
for sure!! ur gonna do great :)
Dkk
15:46
Woo, it took almost 24 hours but my butthole is feeling good again! Just wanted to update y'all on my struggle.
[] baddestbunny
15:52
Ew
Dkk
15:56
Lmfao
soap
16:58
Thank you for the update
Dkk
17:04
Welcome.
Holding out strong for that 11 p.m. Sunday night wave.
soap
17:20
Do the admissions offices close on Veterans Day?
I think someone here was really interested in Cornell Law. I forgot their username now but I just talked to the Cornell admissions rep at the Houston LSAC fair and apparently 2/3 of people who interview at Cornell ultimately get in.
soap
17:21
Hello 🫡
soap
17:21
Thank you for your service, you’re a real one
soap
17:23
I wonder what it’s dependent on? Are the 2/3 chosen on stats, or interview performance, or more holistically?
I'm honestly not sure
[] baddestbunny
17:31
is Cornell a school where only people who interview get in?
I think so
She said historically a quarter get interview invites and then two thirds of those people get in.
soap
17:35
Did she say anything regarding if decisions will start to come out soon?
17:47
username changed
17:51
cockenheimer
17:56
when u boutta detonate some bomb dick u be like
17:56
cockenheimer
[] baddestbunny
17:57
sloppenheimer
17:58
*tips cap*
17:58
m'lady ahh gesture
18:04
seing smells rn
18:04
and smelling sights
@soap: I asked and she did not have an answer
soap
18:10
aw man. I hope it’s soon…
I'm sure it will be
[] baddestbunny
18:26
how soon is now
LSD+ is ad-free, with DMs, discounts, case briefs & more.