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Simple English definitions for legal terms

foreign exchange

Read a random definition: extra judicium

A quick definition of foreign exchange:

Foreign exchange refers to the process of exchanging one country's currency for another country's currency. This is often done when people travel to other countries or when businesses conduct international transactions. It can also refer to foreign currency or traveler's checks that can be used in other countries.

A more thorough explanation:

Definition: Foreign exchange refers to the process of converting one currency to another for international monetary transactions. It can also refer to foreign currency or negotiable instruments payable in foreign currency, such as traveler's checks.

Examples:

  • When a person travels to another country, they may need to exchange their home currency for the currency of the country they are visiting. For example, if someone from the United States travels to Japan, they may need to exchange their U.S. dollars for Japanese yen.
  • A business that imports goods from another country may need to pay for those goods in the currency of the exporting country. For example, a company in the United States that imports goods from China may need to pay for those goods in Chinese yuan.
  • Traveler's checks are a type of foreign exchange that can be used as a form of payment while traveling internationally. They are pre-printed checks that can be exchanged for local currency at banks or other authorized exchange locations.

The examples illustrate how foreign exchange is used in different contexts, such as personal travel, international trade, and financial transactions. In each case, foreign exchange involves converting one currency to another to facilitate the transaction.

foreigner | foreign-exchange market

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General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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