Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

for account of

Read a random definition: deserter

A quick definition of for account of:

Term: FOR ACCOUNT OF

Definition: FOR ACCOUNT OF means that when someone writes a note or draft, they can add the name of the person who should get the money. This is called an indorsement. It tells the bank or whoever is giving the money who should receive it.

A more thorough explanation:

FOR ACCOUNT OF

FOR ACCOUNT OF is a type of endorsement on a note or draft that specifies the name of the person who is entitled to receive the payment.

Example 1: A company receives a check from a customer for payment of services rendered. The company endorses the check "FOR ACCOUNT OF John Smith" because John Smith is the employee who performed the services and is entitled to receive the payment.

Example 2: A person receives a dividend check from a stock they own jointly with their spouse. The person endorses the check "FOR ACCOUNT OF John and Jane Smith" because both spouses are entitled to receive the payment.

The examples illustrate how FOR ACCOUNT OF is used to specify the person or persons who are entitled to receive the payment. This type of endorsement is important for ensuring that the payment is received by the correct person or entity.

footprint | Foraker Act

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
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?
LSD+ is ad-free, with DMs, discounts, case briefs & more.