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Simple English definitions for legal terms

GATT

Read a random definition: reciprocal negative easement

A quick definition of GATT:

The General Agreement on Tariffs and Trade (GATT) is an agreement between many countries to reduce barriers to trade. It started in 1947 with 23 countries and grew to over 100 by 1973. GATT successfully lowered tariffs, quotas, and other barriers to trade among member countries. Before GATT, many countries had high tariffs, which made it hard to trade with other countries. GATT helped rebuild economies after World War II by making it easier to trade. GATT became its own organization for managing trade issues among members. The WTO replaced GATT and is now the forum for enforcing and changing provisions of the GATT. GATT requires member states to apply tariffs in a non-discriminate way and limits the ability of countries to place higher restrictions on goods from other member states than within their own country. Other major sources of friction for international trade such as quotas, dumping, and subsidies are very limited under GATT, reducing the ability of countries to be singled out by another country.

A more thorough explanation:

The General Agreement on Tariffs and Trade (GATT) is an agreement between many countries to reduce barriers to trade. It was created after World War II to help rebuild economies and counterbalance the harmful effects of high tariffs. GATT successfully reduced average tariffs among member countries from over 20% to around 5% or less.

For example, before GATT, many countries had tariffs of over 40% during the 1930s. But with GATT, member states agreed to apply tariffs in a non-discriminate way, meaning they should apply to all member states equally with limited exceptions. GATT also limited the ability of countries to place higher restrictions on goods from other member states than within their own country. This helped to reduce friction for international trade and allowed for more beneficial global trade among member states.

While GATT was meant as a multilateral treaty, it effectively became its own organization for managing trade issues among members due to the failed International Trade Organization (ITO). After many more rounds of negotiations, GATT evolved into the World Trade Organization (WTO), which became the new forum for enforcing and changing provisions of the GATT.

Overall, GATT was an important agreement that helped to reduce barriers to trade and promote economic growth among member states.

garnishment | gender bias

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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
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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