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Simple English definitions for legal terms

fundatio

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A quick definition of fundatio:

Term: FUNDATIO

Definition: Fundatio is a Latin word that means "founding" or "foundation". In history, it refers to the creation of a corporation, especially one that is meant to help others. There are two types of fundatio: fundatio incipiens, which is when a corporation is first created, and fundatio perficiens, which is when money or other resources are given to the corporation to help it achieve its goals.

A more thorough explanation:

Definition: Fundatio (pronounced fuhn-day-shee-oh) is a Latin word that means "founding" or "foundation." In history, it refers to the establishment of a corporation, especially a charitable one.

Examples:

  • Fundatio incipiens: This Latin phrase means "incipient foundation." It refers to the process of incorporating or granting corporate powers to a new organization. For example, when a group of people come together to start a new charity, they may need to go through the process of fundatio incipiens to become an official corporation.
  • Fundatio perficiens: This Latin phrase means "perfecting foundation." It refers to the act of endowing or gifting funds to a corporation. For example, if a wealthy donor wants to support a charitable organization, they may make a large donation as a fundatio perficiens to help the organization achieve its goals.

These examples illustrate how fundatio can be used in the context of creating and supporting charitable organizations. The term emphasizes the importance of establishing a strong foundation for a corporation, both in terms of legal status and financial resources.

fundamental trend | funded

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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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