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LSDefine

Simple English definitions for legal terms

flat money

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A quick definition of flat money:

Flat money is a type of money that is not backed by gold or silver. It is paper currency that is authorized by the government to be used as part of its currency. This means that it has value because the government says it does, and people agree to use it as a medium of exchange. Other types of money include coins, demand deposits that can be easily converted to cash, and e-money that is stored on a computer or computer chip. Lawful money is money that is legal tender for the payment of debts, while paper money is currency in the form of bills drawn by a government against its own credit. Real money has intrinsic value, such as metallic value, and is different from money on account.

A more thorough explanation:

Flat money is a type of currency that is not backed by gold or silver. It is also known as fiat money. This means that the value of the money is determined by the government that issues it, rather than by the value of a physical commodity.

Examples of flat money include paper bills and coins that are used as legal tender in a country. The US dollar, the euro, and the Japanese yen are all examples of flat money.

Flat money is different from real money, which has intrinsic value, such as gold or silver coins. It is also different from e-money, which is a digital form of currency that is stored on a computer or a chip.

Flat money is important because it allows for easier exchange of goods and services within a country. It is widely accepted and recognized as a medium of exchange, making it easier for people to conduct transactions.

flag-state control | flat reinsurance

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General chat about the legal profession.
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TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
TackyProudYogurt
14:39
Anyone know if asu releases decisions all at once or if they trickle out throughout the day?
WorthlessAttractiveZombie
14:39
I'm pretty sure it's a trickle because they send you a personalized video too
TackyProudYogurt
14:40
Ah okay so I do need to continue refreshing my email every 10 seconds
WorthlessAttractiveZombie
14:40
I would say potentially. I received my email/video around noon eastern time, and I've seen people get it past 5pm eastern
coolgirl
14:40
Does anyone know if pending decision means I’ll get a response soon? My status changed
WorthlessAttractiveZombie
14:41
oooh which school?
TheMidwestMonger
14:42
^^
BulbasaurNoLikeCardio
14:42
@coolgirl: does it say that on the lawhub portal? My one A this cycle it said pending decision on their applicant portal and that they will email me in 24hrs the results.
coolgirl
14:43
FAMU
coolgirl
14:44
I got pending decision a week ago on my portal but haven’t seen any updates since
JumpySubsequentDolphin
14:45
@WorthlessAttractiveZombie: yours was personalized?! mine wasn’t 🙁
BulbasaurNoLikeCardio
14:45
That would kill my soul, see other people in that schools specific chat saying the same thing. Maybe they give a decision by mail?
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