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Simple English definitions for legal terms

Financial Management Service

Read a random definition: collateral negligence

A quick definition of Financial Management Service:

Financial Management Service: A part of the U.S. Department of the Treasury that helps move the government's money by helping other agencies collect and spend funds, sharing financial information, and collecting overdue debts. It's abbreviated as FMS.

A more thorough explanation:

The Financial Management Service (FMS) is a department within the United States Department of the Treasury. Its primary responsibility is to develop and manage systems for moving the U.S. government's cash by assisting other agencies in collecting and disbursing funds. Additionally, FMS collects and publishes financial information and collects delinquent debts.

For example, if a person owes money to the government, FMS would be responsible for collecting that debt. FMS also helps other government agencies manage their finances by providing them with tools and resources to collect and disburse funds efficiently.

Another example of FMS's work is the collection and publication of financial information. FMS collects data on the government's financial activities and publishes reports on its website for public access. This information helps people understand how the government is spending its money and where it is coming from.

In summary, the Financial Management Service is a crucial department within the U.S. Treasury that manages the government's cash flow, collects debts, and provides financial information to the public.

financial intermediary | financial market

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13:34
i don't think it has a detrimental effect on your chances of admission
13:34
but also you don't need to tell them anything so lol
Can y'all help me understand something lol. What does it mean for an app to "go complete"? Is that when the school has reviewed it and made a decision?
13:35
Na, it's when they have all the required information
Gotcha. So what would be the difference between received and completed?
Does complete entail like the app + LORs?
13:35
correct
That makes sense. Thank you!
13:36
complete basically means they've acknowledged receipt and it's ready to go under review whenever they start the deliberative process
Quillinit
13:40
I still haven't had Chicago or Cornell go complete, but I think that's just how they be
13:41
when did you submit
CaringEquableGuppy
13:42
How do you know when an application is complete? Is it on LSAC or the school's portal?
13:43
it'll be on the school-specific portal
Quillinit
13:44
when they opened
Quillinit
13:45
they both say something along the lines of "received and waiting to be processed"
13:48
anyone have good resources for revising a personal statement for reuse after applying with it last cycle?
13:49
Any guesses when Cornell and Penn CRS fee waivers will go out?
13:51
@Quillinit: from my recollection, chicago and cornell collapse complete/UR1 into a single step, so they may simply not be ready to begin reviewing applications
13:52
i think it's fair to assume, barring a handful of schools like UVA, most schools won't begin reviewing applications in earnest until the beginning of next month at the earliest, so it wouldn't be surprising to hear that applications are just sitting in the queue
13:54
@oakenrays: I was just gonna write a new one personally but I think you want to make it recognizably different from your previous PS
13:56
@baddestbunny: definitely agree that some revision and additional information is warranted but, my why law is the same... I guess just tell the same story in a different way
14:03
ugh fineeee I'll write a new stupid essay
14:07
yeah I told my last essay about a formative experience and am trying to update it now to be about what I’ve learned since that experience
recently wrapped up interview
i re-wrote my PS this cycle when I reapplied
fire drill at work
so lit
Quillinit
15:10
oh fun @info-man, Chicago just changed to complete today, so we'll see
boglue
15:23
do you have to have lawhub advantage for the lsd status checker to work
lawhub kind of a freaky ass name now that i think about it
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